In the expanding global economy, many manufacturers are looking to trade overseas or in new markets. Whilst this is a good opportunity for ambitious businesses, it also presents a number of risks.
Bad debt is one major concern; in order to be competitive and grow effectively, businesses often need to offer open credit to their customers. However, if a customer is suddenly unable to pay their credit debts, the financial impact could be detrimental and in some cases catastrophic.
This is why it is important to know the potential risks of trading with every customer and have the appropriate credit limits and processes in place to protect your business.
Free customer analysis
The Customer Checker is a free service from our Trade Credit team, who will undertake a market credit appraisal.
Choose up to five businesses for us to evaluate and Howden's team will look to provide you with valuable information about your customer. Their global business intelligence network enables them to access accurate information on the performance and stability of over 40 million businesses.
Howden will provide information about your customer such as:
Financial health and viability
Credit profile including payment practices
Adverse information likely to impact on your trade
Probability of payment default
Potential for fraud
General risks that could affect your business
Please complete the form for your free report (you can submit less than five if you wish - just leave the fields blank):