Free credit control review
22nd July 2020 
News 
CHW Accounting
Here at CHW, we are always looking at ways to increase our service offering to ensure that you continue to get full value for money and enhance your experience with us. We would therefore like to introduce you to CHW Creditor Protection.
CHW Creditor Protection aims to assist you with your credit control processes and keep you on top of your cash flow. Cash flow has always been important however, in the forthcoming months, understanding your customers’ financial position before granting credit terms or allowing them to exceed their credit terms, will become even more important to ensure the financial stability of your business.
Creditor Protection Benefits to you?
- We will undertake a FREE debtor ledger review, providing a credit report on each of your customers. You can use this report to both ensure your customer can meet previously agreed credit terms and be better informed before increasing already agreed terms.
- Should a customer fail to pay, we can organise a FREE initial legal chasing letter. This will hopefully be enough to shake the tree to get either payment in full or repayment discussions started.
- If a legal letter fails, CHW Creditor Protection will advise on the best way forward and whether a winding up action could achieve a result. This will be on a case by case basis and will depend upon whether your customer has any assets to enable recovery of your monies.
- If winding up action is taken, we will look to represent you in the Liquidation process. Again, this service is totally FREE!
Free Insolvency Report Reviewing Service
It is an unfortunate result of the Covid-19 pandemic, that a high percentage of businesses will struggle financially in the coming months and, as a creditor, you may start receiving reports from Insolvency Practitioners in respect to your customers.
In most instances, creditors in insolvency processes will ignore the documentation they receive as they will feel the time spent in reviewing the report, completing the voting and claim forms and submitting them is not worth the hassle. We can take over this form filling exercise from you and make sure that your interests are fully represented in the process. This is totally FREE and again all part of the offering of CHW.
Want to know more? Please contact Ian Orgill or Nicola Roby on 01204 534 031
This article is for general guidance only. It provides an outline, and may not include points which are important to your situation. You should not depend on this blog without taking advice based on the full facts of your case. The information given was correct at the time of publication.
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