Our Service
Stop Extending Credit to Clients Who Can’t Pay
Safeguard your business by stopping credit before losses occur.
01
Immediate Risk Notifications
Stay informed with real-time alerts for your clients, critical financial updates, helping you avoid risky orders and credit extensions.
03
Reduced Trade Credit Insurance Costs
Protect your premiums by proactively managing credit risk—businesses can save up to 40% of their premiums annually. Our biggest saving was a £500,000 reduction of TCI premiums.
02
Enhanced Cash Flow Stability
Prevent cash flow disruptions by acting on timely information. An unpaid invoices can be a thing of the past.
04
Safeguard Against Bad Debt
Mitigate the impact of high-risk clients. Unpaid debts, often adding up to hundreds of thousands, can be minimized with Profit Protect.
Understanding the Risks of Credit Exposure
Many businesses extend credit to clients to foster growth, yet this approach often comes with hidden risks. Without up-to-date information, companies can unknowingly supply goods or services to clients on the brink of insolvency, leading to unrecoverable debts and disrupted cash flow. Relying solely on traditional credit reports, which may be weeks outdated, leaves businesses vulnerable to sudden financial shocks. For companies handling high-value orders, even one unpaid invoice can significantly impact profitability and stability.
The Cost Of Unpaid Invoices
Minimise the Risks of Extending Credit to High-Risk Clients
Cash Flow
Unpaid invoices restrict working capital
Businesses with high order values can experience significant cash flow issues from just a few unpaid invoices. A single £20,000 unpaid invoice can reduce available working capital and limit growth opportunities.
Trade Credit Insurance
Collection Costs
Debt recovery is costly and time-consuming
On average, recovering a debt costs 10-15% of the invoice value. For a £50,000 unpaid invoice, businesses can spend up to £7,500 in collection fees, not to mention time lost on other priorities
High-Risk Clients Drive Up Insurance Costs
"Without proactive credit management, Trade Credit Insurance (TCI) premiums can climb by 20-30% annually. Businesses can save up to £500,000 in TCI premiums with improved credit monitoring.
Accumulated Bad Debt
Unpaid Invoices Erode Profits and Stability
Unpaid invoices accumulate over time, reducing profitability. For large businesses, these bad debts can amount to hundreds of thousands annually, undermining financial stability and growth.