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Why
credit check?
How to check credit worthiness
How much credit to allow
Collecting cash
Cheques and cheque clearing
Terms of Trade
Exporting
Quick step guide
Advice for new businesses
Creating a Speedy payment process
BACS. Top Ten Tips
Suppliers checklist
Risk reduction techniques
Insolvency diagnostic questionnaire
Tracing techniques
Understanding credit ratings
Phoenix Companies
Letters and
forms
Glossary
Support groups
Further reading
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| Credit Management Advice
> How to check credit worthiness.
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| Industry
Credit Circles |
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| Competitors in the same trade exchange details
of slow payers and risks. Discussion of past events is permitted but
collaboration to restrict further trade is not. |
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| Credit
Insurers |
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| If you use credit insurance, your credit insurer
can undertake the checks for you. |
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| Company
Accounts |
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| The Companies Act requires public limited
companies and their large private subsidiaries to state in days the
average
time taken to pay their suppliers and to publish this figure in
their Directors report. This information provides small suppliers
with a broad indication of when they can expect to be paid.
In addition, the Federation of Small Businesses
league tables of the average payment times of public companies and
their large private subsidiaries. This will allow small suppliers,
over time, to monitor and compare the payment times of these companies.
The Federation
of Small Businesses published the first league tables in December
1998.
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| Companies
House |
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| The role of Companies
House is to incorporate companies and also to gather and relay
information on these companies. They hold details of all the companies
registered in Great Britain including details on accounts, mortgages
and directors information, including details of disqualified directors.
Information is available by visiting their offices in person
for a company search or by requesting the information by fax, post
or online. Companies House Direct also provides information on-line
and produces a wide range of publications to help companies. They
provide
information to their customers, including a quarterly customer
magazine.
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| Register
of County Court Judgments |
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| The Register, which is maintained by Registry
Trust Ltd on behalf of the Court Service, is a public register open
to all. It contains details of almost all money judgments from the
County Courts of England & Wales and these remain on the Register
for six years.
Any individual, firm or company can carry out a search of the Register
at a fee of £4.50 for each search. In the case of an individual,
the fee is payable for each named person at a specified address.
In the case of a firm, for each firm at a specified address and
in the case of a limited company, for each full corporate name,
regardless of address, as the title is unique and plaintiffs can
sue at any place of business. This search will give details of the
defendant, the date and the amount of the judgment as well as the
court and case number concerned.
Every search request must be accompanied by the
correct fee either by cheque or postal order.
The results of a search are normally sent out
by second class post within 24 hours.
Full contact details for the Register of County
Court Judgments are contained in Help and Information.
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| Insolvency
Service |
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| The Insolvency
Service maintains two facilities which provide information to
the public, the Register of Individual Voluntary Arrangements (IVA)
and the Bankruptcy Public Search Room (BPSR).
The Register of IVAs is available for members
of the public and can be inspected in person or by written request
for individual entry details. Telephone requests are not accepted.
Enquirers are requested to provide full details of the individual
for whom they would like to search. Enquirers will then be informed
of the result of any search and, where a positive match is found,
will be provided with a copy of the relevant register entry together
with details of the Supervisor of the IVA (who must be a licensed
insolvency practitioner), whom they may contact for further details.
No charge is made for searches of the Register and the supply of
relevant information.
The Bankruptcy
Public Search Room maintains a record of bankruptcies from 1973
to the present. Details of bankruptcies dating from 1924-1973 are
available on special request but are not available for public inspection
and will not be searched routinely. Bankruptcy information is held
on index cards filed in alphabetical order, which contain the name
and address (at the date of the bankruptcy order) of individuals
who have been made bankrupt in England and Wales. The date of discharge
is NOT always shown. Searches can be made in person and also by
post giving the name, postal address, occupation and date of birth
(or approximate age) of the individual to be searched. Requests
will normally be returned on the day of receipt, by post. Search
requests by telephone cannot be accepted. No charge is made for
this service.
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