Brexit survival guide issued for those who trade internationally.
26/2/2019.
UK Finance has issued an online guide for small businesses on how to prepare for Brexit.
Backed by the Federation of Small Businesses, the British Chambers of Commerce and the Confederation of British Industry, the guidance says banks have the capacity to support firms “whatever the outcome” and urges businesses to capitalise on the opportunities of Brexit to maximise growth.
Top tips from the guidance are:
- Take time to think about how your customers and suppliers could be affected by any upcoming changes, so you are prepared for any potential impact.
- Ask your bank and finance provider, customers and suppliers early on if you think you might need additional finance, or changes in your current arrangements. The earlier you engage the easier this will be.
- Look into alternative finance options. Most applications are successful, but if your first choice doesn’t work out, there are many different providers out there.
- Know where to go for more information to help your business. Use relevant guidance to consider what plans you should be making and actions you should be taking
UK Finance is the collective voice for the banking and finance industry. Representing more than 250 firms across the industry, we act to enhance competitiveness, support customers and facilitate innovation.
The business organisations supporting the campaign include: Association of Chartered Certified Accountants (ACCA), British Chambers of Commerce (BCC), Build UK, Confederation of British Industry (CBI), Engineering and Machinery Alliance (EAMA), Federation of Small Businesses (FSB), Forum of Private Businesses, Institute of Chartered Accountants in England and Wales (ICAEW), Responsible Finance.
The online guide is available from the following link https://www.ukfinance.org.uk/lets-talk-business
How can CPA help?
- The Credit Protection Association plc can help companies trading on credit internationally.
We provide credit information for our members through our international credit reports throughout the world.
International reports maybe ordered by email, sending the full name and complete address to helpdesk@cpa.co.uk .
For many countries we can access reports from a database and provide your credit report by return. For some other countries fresh investigations can be ordered from our supplier at various speeds of delivery as shown here.
- The Credit Protection Association can help with overseas collections. CPA’s letters and emails can be directed to debtors all over the world and we resolve the majority of overdue accounts that way.
- Where the Overdue Account recovery service doesn’t resolve your international overdues, we have agents and lawyers around the world who can assist with the legal enforcement of your claim in your debtors local.
About CPA
The Credit Protection Association can help!
Formed in 1914, CPA has been providing credit management services to SMEs for over 100 years.
At the Credit Protection Association, we provide first class credit information that can help you avoid being over extended to customers who are at risk. Our monitoring service can flag up warning signs long before the end, giving you the chance to adjust and reduce your exposure. We provide recommended credit limits and credit scores on a traffic light system and can help you set appropriate credit policies for your customers.
We regularly publish lists of the latest insolvencies but by then it is too late. Our credit reports however predict approximately 96% of company insolvencies long before they arrive.
Companies in trouble usually have very bad bad cash flow and they try to deal with it by delaying payment to their suppliers, increasing your exposure to them.
If you supply to restaurants, help us help you identify the risks.
As a third party collector, we can also get your payments prioritised over those who are not as hot on collections. When you customer receives a letter from the Credit Protection Association regarding their outstanding account, they are going to want to get that resolved as a priority. Our overdue account recovery service can get your unpaid invoices to the top of their “to do” list and get your invoice paid.
Over the years we have collected billions in overdue invoices for our customers.
Our debt recovery and credit management services give our members the financial freedom needed to grow and prosper, while our new Late Payment Compensation department could unlock hidden potential and offer the compensation needed to springboard your business to success.
Ready to speak to an advisor?
For help or advice on credit management, entirely without obligation.
Call us today
0330 053 9263
The Credit Protection Association is a credit management company established in 1914. If you supply goods or services on credit then we can help you!
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