More companies fail
through bad debt than for any other reason. A credit Application form is
possibly the most important business form
you will need in business. Use before granting credit and if the worst
happens you can refer to this to find out exactly who you gave credit
to. An essential tool when taking business decisions like increasing
Credit Limits or to refer to before taking legal action.
Retention of Title
Drawn up by a major firm of solicitor's this
document may allow you to recover your goods in the event of a customer
going under. Also contains valuable notes on effecting repossession
together with a letter of authority to give to your driver, salesman or
agent to gain access to the building where your goods are stored.
You may decide that some of your customers
may be about to fail or are simply feeling the squeeze from banks etc.
Used unilaterally or multilaterally these Guarantees can recover monies
even after a company has gone into receivership. A very valuable