CREDITFOCUS - What you and experts say

What our customers say:

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  Stuart Mills, Colprint, Birmingham
  “This is a product that we will be keeping for a very long time. I feel much happier about giving credit to my customers now that I have a much better idea of their ability to pay me.”

  On average, before he started using CREDITFOCUS, Stuart's business would write off £2-3k in bad debt per year. However, since he started using his CREDITFOCUS account, including the debt recovery solicitor's letter his bad debt has fallen to £500 per year.

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  Martin Jones, Action Autos, Emsworth
  “The CREDITFOCUS postcode search is fantastic; it means companies can’t hide even if they change their company name. If a potential customer goes out of business one day and starts trading under a new name the next, the postcode search means I can still establish the risks of extending credit to them.”

  For Martin Jones, the initial appeal of CREDITFOCUS was that it would enable him to check the credit history of his business customers. Almost immediately after he signed up credit checking his customers proved invaluable as Martin discovered that one of his customers posed a bad risk and therefore, he stopped extending credit to them.

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  Ian Westwood, Yacht Catering Company, Port Hamble Marina
  “During the best time of year for the yachting industry, if my customers still have a poor payment performance record in CREDITFOCUS, I know that something must be seriously wrong and I will stop extending any further credit to them until they’ve paid me.”

  In Ian’s first year of business he lost £8,000 when his biggest customer went into liquidation, which meant he was understandably keen to put measures in place to protect his business from further losses. So when his Barclays Business Manager suggested CREDITFOCUS, he promptly signed up and credit-checked all of his existing customers to minimise future risks and keep a tighter rein on debt collection.

What the papers say: