Trade deal negotiations continue – business news 14 December 2020.
James Salmon, Operations Director.
Trade deal negotiations continue, CBI expresses disbelief, growth fears, loan scheme, manufacturing, fraud reporting, house prices, covid-19, market and other business news.
Here are CPA we want to share the business news stories we have seen that we think will affect our members and readers. Many of us are busy fighting to protect our businesses and therefore might have missed some of the news that could impact small businesses, their owners and those that sell on credit.
Will there be a trade deal?
SMEs that trade with Europe will be watching anxiously to see if there might be a EU trade deal that emerges from the ashes of the failed talks over the weekend. Although deadline after deadline continues to pass with no sign of a deal, both sides have agreed to continue negotiations. The currency market is the best judge of the mood and the pound strengthening this morning shows that there is still some optimists out there. The EU’s negotiator Barnier apparently told envoys a deal could still come this week.
“Despite the fact that deadlines have been missed over and over, we think it is responsible at this point to go the extra mile,” the two said in a joint statement after they spoke by phone on Sunday. “We have accordingly mandated our negotiators to continue the talks and to see whether an agreement can even at this late stage be reached.”
CBI chief expresses disbelief over Brexit
Adam Marshall, director general of the British Chambers of Commerce, writes in the Observer that businesses have still not been informed of the rules under which they will have to operate from January 1st. Marshall writes: “It is hard to believe that we still have to ask ministers for clarity on the nuts and bolts of trade – things like rules of origin, customs software, tariff codes, and much more besides – just a fortnight before the end of the transition period.” He added that the lack of clarity will mean that investment decisions will be delayed. “Without official guidance, many will pause long-term planning and hold back on investment,” he states.
Firms flag post-Brexit growth fears
Research for the Business Growth Fund shows that the majority of mid-sized private companies expect Brexit to add “significant barriers” to their growth. The study, conducted by Delineate, found that seven in ten businesses with turnover between £2.5m and £100m said the coronavirus crisis had created a barrier to their expansion, while six in ten expect Brexit to do the same. Meanwhile, separate research by PwC shows there are over 21,000 companies in the UK with annual sales of between £2.5m and £100m – and before the crisis the majority were fast-growing and profitable, with total turnover rising 4% a year on average between 2013 and 2018.
Manufacturers fear no-deal impact
Research by BDO and manufacturing industry body Make shows that a no-deal Brexit will cause “significant damage” to the manufacturing sector. The trade body is predicting that the manufacturing sector will grow by just 2.7% next year, down from an earlier forecast of 5.5%. This means manufacturing – which has seen output fall 12% this year – would underperform the wider economy this year and next, with the Office for Budget Responsibility forecasting a fall in GDP of 11.3% this year before a bounceback of 5.4% in 2021.
Loan scheme to help businesses navigate No-Deal
Treasury officials are planning state-backed guarantees to support lending to SMEs, with the FT saying access to the initiative is expected to be much more stringent than to the bounce back loan scheme. The Mail reports that companies hit by disruption in the event of a No Deal Brexit will be invited to take advantage of Government-backed loans and the furlough scheme. It adds that ministers are also looking at the possibility of bailouts for industries hardest hit in the longer term by a No Deal Brexit.
Insolvency firms told to report loan fraud
Insolvency practitioners have been instructed to report fraudulent coronavirus loan applications to the Government, with the Insolvency Service writing to firms advising that if claims related to the business interruption loan scheme and bounceback loans appear fraudulent, “it is the duty of the insolvency practitioner to consider their reporting obligations”. Christina Fitzgerald, vice-president of insolvency trade body R3, notes that HMRC has created a task force that “will identify insolvency cases where it has queries about the use of these funds, notify the insolvency practitioners working on these cases about its concerns and ask them to investigate further”.
Rightmove expects prices to climb 4% in 2021
Rightmove has forecast that house prices will climb 4% next year. The property platform said that while asking prices between November 8 and December 5 were 6.6% higher than a year earlier, it believes the rate of growth is unsustainable. Looking ahead to the end of the stamp duty holiday in March, Rightmove’s director of property data, Tim Bannister, said: “There’s likely to be a lull in quarter two unless the stamp duty holiday is extended, but for many buyers its removal will not be make or break, though may lead them to reduce their offers to a degree.” Rightmove estimates that there is a “logjam” of 650,000 properties still trying to get through the system as buyers look to complete deals before the stamp duty holiday ends on March 31.
Landlords take advantage of stamp duty holiday
A report by property services company Hamptons shows that one in six property sales are to landlords, with 51% of the purchases by investors made in cash. The analysis, which is based on data from letting agent the Countrywide Group, suggests landlords are entering the market as they look to take advantage of the stamp duty holiday. The average landlord who fails to complete their purchase by the stamp duty holiday deadline will see their bill rise from £5,400 to £6,500.
Unemployment rate expected to stand at 5.1%
Data from the Office for National Statistics will on Tuesday show the unemployment rate rose and the number of people in work fell due to the unwinding of furlough in October. The furlough scheme was expected to end on October 31st, but the Chancellor extended it to the end of March. The ONS is expected to say the unemployment rate rose from 4.8% to 5.1% while the number of job losses rose from 164,000 to 250,000.
Bailey urges banks to keep lending
The Governor of the Bank of England, Andrew Bailey, has urged banks to keep lending and support the UK economy. Presenting the BoE’s latest Financial Stability Report, he said lenders had the “capacity to continue to support households and businesses” even if the economic chaos from coronavirus and Brexit was much worse than expected. Addressing Brexit concerns or a spike in coronavirus cases, Mr Bailey added: “What’s the Bank of England got in its armoury? The answer is a lot. We will use our tools as we did in March should we be in that situation.”
Premium hikes threaten small businesses
Research by the consultant Mactavish shows that some insurance premiums for SMEs have risen by 800% this year leading to fears that some businesses will not be able to afford to renew their policies. Chief executive Bruce Hepburn warned: “The timing couldn’t be worse for firms still being battered by the economic fall-out from the pandemic. For some SMEs, these unexpected cost increases could be the final nail in the coffin.” Meanwhile, a judgement from the Supreme Court on whether insurers should honour coronavirus claims made by SME customers on their business interruption policies could be issued before Christmas, affecting some 370,000 businesses.
QE will soon lose its efficacy, economists warn
Economists are warning that further quantitative easing will struggle to further stimulate spending and investment with the Bank of England on track to own half of UK government debt by the end of 2021. Bank of America economist Robert Wood suggested that QE “at this stage is defensive”, a tool that can “prevent tightening but cannot add more stimulus”. The comments follow the assertion from BoE Governor Andrew Bailey that rate-setters have plenty of ammunition ahead of a possible no-deal Brexit. Overall, analysts expect further QE before the Bank resorts to negative interest rates.
Three-quarters now spend more at local businesses
A survey by Nucleus Commercial Finance has found that 71% of shoppers are intentionally spending more money at local businesses due to the pandemic than they did last year, with 14% saying they have spent significantly more. Small businesses are recognising the change too, with 42% saying they feel better supported by locals since the pandemic began.
Lloyds joins NatWest and unblocks business account applications
Lloyds Bank and NatWest have opened up business account applications again after joining other big banks in blocking them due to high demand from customers seeking emergency bounce back loans and a massive rise in fraudulent applications. MPs on the Treasury committee will tomorrow grill senior bankers from NatWest, HSBC and Lloyds on why they blocked small firms. David Clarke, chairman of the Fraud Advisory Panel charity, said: “This is a business decision by the banks.” Fraud checks can be done “in 15 minutes.”
John Redwood: “Bring on more Freeports!”
Conservative MP John Redwood has called for freeport plans to be ramped up as a no-deal Brexit looks increasingly likely. He said: “We need new areas freed of restrictions to enterprise and with low taxes to harness the UK’s potential as a trading and manufacturing nation. Let’s add more value to raw materials and components we import by building factories close to ports and using our natural advantages as a global trading nation. Let’s for example have more fish processing and meal preparation next to our fishing ports.”
One in four Brits would flee wealth tax rather than pay
Responding to the Wealth Tax Commission’s proposals for a one-off 5% tax on those with assets worth over £500k, over a quarter of Telegraph readers say they will leave the country if it is imposed. In the FT, Richard Jameson, partner at Saffery Champness, says: “It is widely acknowledged that tax rises are going to play a part in rebuilding the public finances following the COVID-19 crisis.” Jo Bateson, partner at KPMG, warns that without relief on business assets, the tax would have “implications for investment and growth.”
Let’s not vilify HMRC too quickly
HMRC’s press officer from 2018-2020, Thomas Riley, sympathises with people being chased for tax despite them struggling under the strain of the pandemic. But he says for all the “emotional unintelligence” at the department, there are thousands of civil servants “going beyond the call of duty to help.” He concludes: “Although HMRC must be held to the highest standards, we should not always be so quick to cast it as a villain. Tax is fundamental to our society, and HMRC needs to collect it.”
Mastercard back on the hook for fees
The Supreme Court has ruled that a landmark class action claim against Mastercard could be heard again after it was rejected three years ago. Mastercard is alleged to have forced shoppers to pay higher prices through fees that it charged merchants in the 16 years to 2008. If the company loses, it could be forced to pay consumers a total of £14bn. Rocio Concha, a director at the campaign group Which?, said: “This is a hugely important win for consumers.”
Tourist tax would cost 2,000 jobs at Heathrow
Some 2,000 jobs at Heathrow could be lost as a result of the Government’s decision to end tax-free shopping for tourists, according to the airport’s chief executive. John Holland-Kaye said the move could be the “final nail in the coffin” for many struggling businesses.
London faces “brain drain” hitting salaries, rents and house prices
Wages, rents and house prices could fall in London as white collar workers choose to relocate elsewhere because of the pandemic. Paul Swinney, of think tank Centre for Cities, says the exodus will almost certainly mean a fall in salaries in the capital if employees no longer have to live near their work. The number of Londoners wanting to buy a home outside the city was 27% higher between May and October compared with the same period in 2019, according to Hamptons International. Demand for homes worth £1m or more was up by 86%. The Telegraph suggests London’s experience echoes that of San Francisco, which was already facing something of a brain drain pre-Covid because of its extortionately high living costs and taxes.
Nuclear and net zero
The Telegraph considers the future of nuclear power, looking at plans for the Sizewell C facility in Suffolk and saying the Government is “deciding what sort of public support it wants to give new large nuclear plants”. Steve Jennings, a partner at PwC, comments: “To maintain a pathway to net zero, the Government will want to retain options and encourage investment in a portfolio of different technologies including nuclear.”
Banks
The Bank of England commented on the ability of UK banks to ‘weather the storm’ amid the Covid-19 crisis, suggesting that the major banks were “well prepared for serious economic shocks and can continue to lend during the pandemic”. This follows comments from the central bank indicating that UK banks may also return to dividend payments.
Heathrow Airport
Heathrow Airport has decided to shut Terminal 4 until the end of 2021 as travel restrictions reduce passenger numbers. The UK’s largest airport reported that passenger number fell by 88 per cent in November due to travel restrictions and the second lockdown.
Covid-19 general news
There were 18,447 new cases in the UK yesterday, bringing the total to 1.85m with 144 more deaths, with 64,170 having died overall.
Globally 547,656 new cases brought the total to 72.2 million with 1,613,743 deaths.
London Mayor Sadiq Khan called for schools in the capital to close to stem a rising tide of coronavirus infections that threatens to push the city into the government’s tightest pandemic rules.
London will probably slip into England’s most restrictive Tier 3 coronavirus category because infection rates are rising rapidly. Officials from London boroughs and the surrounding areas are expected to be briefed Monday on data showing the infection rate doubling every four days. A spokesman for Khan said the matter is a decision for the government and health officials.
Ireland may “very well” face new restrictions in January, in the wake of Christmas celebrations, Prime Minister Micheal Martin said on Monday. Ireland was the first the Western European country to re-enter lockdown in late October, pushing case numbers down to around 250 a day.
Pfizer has started distribution in the US of its vaccine after the US’s Food and Drug Administration approved the jab for emergency use.
Markets.
On Friday the FTSE 100 closed down 0.8% and the 250 closed down 0.7% as the trade deal deadlock and the diminishing chances of a US stimulus deal hit confidence. Sterling is at 1.101 Euros and 1.34 US Dollars. Brent Crude is at $50.7 and Gold is at $1830. The S&P 500 was down 0.13% and the NASDAQ 0.23%.
Astrazeneca
Astra is looking beyond the virus with a $39billion deal to buy US pharma company Alexion. Alexion specialise in rare diseases and combining it with Astra’s global distribution network will bring synergies. The deal will cement Astrazeneca among the top 10 global pharma giants.
Analysts expect stocks to fall as no-deal Brexit looms
Britain’s biggest banks saw their share price fall as much as 6% on Friday as analysts cut the odds of Brexit talks failing. Morgan Stanley warned they could fall further, perhaps by a fifth, in the event of no deal. The US bank told clients there was a “rising risk” of a no-deal Brexit which would lead the FTSE 250 to drop between 6 and 10%. JP Morgan cut the odds of a deal from 66% to 60% and suggested it could fall to 50% if there was no progress by Sunday night.
Red flag warnings causing huge delays on pension transactions
Pension providers have said that increased due diligence has given way to “over the top” scam screenings that are causing significant delays on certain pension transfers and switches. Both SIPP and small self-administered scheme providers have complained that scam red flags are being “over-used” and subsequent delays in legitimate transfers are causing consumer detriment. Richard Mattison, director at Whitehall Group, said delays in switches and transfers can cause a number of significant problems with losing deals, additional costs, bad will with vendors, among other things. Nathan Bridgeman, director of Westbridge Ssas, has also seen this as a growing issue. He said: “We have seen cases of third-party vendors pulling out of sales to Ssas as pension transfers have taken so long with unreasonable and unfair obstacles being put in place by the ceding schemes.”
US retail powerhouse targets Arcadia and Debenhams
Debenhams and Arcadia Group could both be taken over by the American retail giant Authentic Brands which is in discussions with the administrators of both companies, the Sunday Telegraph reports. Deloitte is running an auction of Sir Philip Green’s Arcadia empire under the codename Project Kane. Authentic chairman Jamie Salter has built up a reserve of more than $1bn during the pandemic and is backed by investors including Blackrock and Leonard Green & Partners. Authentic has already bought out bankrupt US retailers including Barneys and Forever 21, among others, and is involved in an attempted turnaround of the department store chain JC Penney. Associated British Foods, Marks & Spencer, Next and River Island are also sizing up bids for Arcadia brands.
Potential bidders line up for retailers
The Times reports that 40 parties have registered an interest in the auction of retailer Arcadia’s brands being handled by administrators at Deloitte. American fashion and investment group Authentic Brands is said to be interested, with Marks & Spencer, Next and Boohoo also named among potential bidders while Associated British Foods, the owner of Primark, is also understood to have received the information memorandum. The Times notes Frasers Group and Authentic Brands are believed to be interested in both Arcadia and Debenhams.
Chancellor urged not to raise taxes to cover no-deal support
Rishi Sunak has been urged to avoid tax rises to meet the cost of a no-deal Brexit. While Conservative MPs have expressed support for plans for financial measures targeted at the sectors that would be hardest hit, they have urged the Chancellor not to increase taxes to pay for any rise in state spending. Commenting on how to cover the cost of a bailout package for farmers and fishermen, MP John Redwood said: “Of course not tax rises, that would actually probably reduce revenue. I think tax cuts would increase revenue, which would be a good idea.” MP Marcus Fysh, deputy president of the Board of Trade, commented: “We need to have tax settings and other regulatory settings to make Britain the best place to invest. I don’t think higher taxes are a sensible part of such a setting.” “Things like capital gains tax is just the wrong area to be looking at, because it will directly penalise investment and innovation,” he added.
Don’t let Covid-19 bust your business!
It will if your cash flow dries up, either sooner or later.
The Credit Protection Association (CPA) has been assisting thousands of UK businesses to get paid since 1914. We have seen many financial crises, this one will be particularly deadly for suppliers for sometime to come.
CPA eases cash from tardy debtors – Efficiently, Effectively, Economically and Ethically. Above all tactfully, because maintenance of goodwill is paramount.
To meet the needs of creditors in the current crisis, we have designed a “critical care” package especially tailored for the situation.
- The annual package costs start at very low rates
- A minimum performance warranty is provided
- Several complimentary services included
Clients instruct CPA on-line via their PC or phone, completely user-friendly. Your late paying customers are told to pay you direct (not to us).
A very recent report shows a 23% increase in the number of unpaid invoices since March 11th THIS YEAR – are you getting a build-up of late payers?
Right now, overdue accounts must be a concern and CPA has a great track record of encouraging slow-payers to pay their suppliers quickly.
It takes less than 17 minutes to see how you would benefit, do you have the time now?
No face-to-face meeting required – just call Peter Uwins, CPA’s National Sales Manager, on 020 8846 0000 (business hours) or email nsm@cpa.co.uk today.
When you see your money come in, you will be so glad you used CPA.
Do you sell on credit?
With pressures on the cash flow it is essential that you stay on top of the credit limits you grant customers and watch carefully for any late payments.
Those customers will look for the easiest option to boost their cash-flow. Don’t let it be you.
You can’t just assume your customers can and will pay you eventually, no matter how big their name is.
It is essential to have credit management systems in place to monitor and check your customers credit worthiness.
It is also best practice to use a trusted third party like CPA to make sure you are paid on time by customers, no matter how good a name they have.
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 cash flow and they try to deal with it by delaying payment to their suppliers, increasing your exposure to them.
If you supply on credit, help us help you identify the risks.
Why use a third party collector?
As a third party collector, we can also get your payments prioritised over those who are not as hot on collections. When your 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.
You might be hesitant about contacting a debt collection agency. What are they going to be like?
Can they help your particular type of business?
There is no need for concern. CPA are courteous, helpful and very probably have had direct experience of working with your type of business.
Debt collection agencies are not all alike.
Success lies in both recovering money and keeping customers happy. The Credit Protection Association was founded in 1914 and has helped tens of thousands of UK businesses to collect outstanding payments and reduce the risk of incurring bad debt. We believe that creditors deserve to be paid for the work or goods they have supplied but we fully understand the need to maintain
the best possible relationship with customers!
At The Credit Protection Association, we provide solutions, advice and back-up in all areas relating to the supply of services or goods on account. Client-members receive everything they need from a single source to reduce debtor days and write-offs.
The Credit Protection Association has helped has assisted tens of thousands of UK businesses with their credit control requirements, since the First World War.
We are polite, firm and efficient when it comes to recovering outstanding debt.
“We have used CPA for a number of years now. The website is easy to navigate around with lots of helpful reports. The staff are always at hand and very friendly. CPA has helped us reduce our debt over the years and keep track of potential issues with our customers.”
~ CPA client in Buckinghamshire
“The service from CPA has proved to be everything that you said it would be. We have already seen a huge benefit. We have had a number of overdue accounts paid promptly and directly to us. It is also a huge weight off our mind to know that once we have passed an overdue payment over to you, you take care of everything whilst keeping us informed.
~ Credit Controller client in Warrington
The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections
Ready to speak to an advisor?
For help or advice on credit management, entirely without obligation.
Call us today
0330 053 9263
CPA is passionate about late payment
The Credit Protection Association has been protecting smaller firms against poor payment practices for over 100 years.
We are extremely passionate about breaking the late payment culture that holds back the UK economy and threatens many SMEs, with cash flow difficulties being the single biggest killer of Britain’s small businesses.
If you were regularly paid late we can help. Those former customers used you to boost their own cashflow, regularly paying you late.
As a result you had extra costs, you had the distraction of having to chase payment, you had opportunity costs because your capital was tied up in their late invoices.
Under little used legislation, you are entitled to compensation for those late payments.
You put up with the PAIN – now claim the GAIN!
Now you can boost your own cash-flow.
CPA can help unearth the those hidden treasures.
We have the technology to reveal the compensation you are due and we have the extensive experience and expertise to then turn those claims into cash.
Did you know that your business is entitled to a minimum of £40 for every commercial invoice paid late to you over the past 6 years?
How many of your invoices are paid late each month – 20, 50, 100 or more?
At £40 per invoice that’s claim of £57,600, £144,000, £288,000 plus interest. The more invoices the bigger the claim!
At £100 per invoice it’s £144,000, £360,000, £720,000 plus interest.
For over 20 years, CPA has calculated and recovered Late Payment Compensation on behalf of Clients!
Yes, CPA can help you boost your business cash-flow.
Don’t let your bankers control you, contact CPA today.
The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections.
Do you realise you could be sitting on a fortune?
Late payments often result in a cash flow crunch and leave SMEs in need of a cash injection.
If you sold B2B on credit then there may be a hidden source of capital you can call on.
If you fancy an extra bit of extra cash in your business, rather than jumping through hoops with your bank, you could look to uncover the resources from an unexpected source within your own business.
Not many are aware but there could be a hidden fortune within your business, sitting there, just waiting to be uncovered and released.
We can help you uncover the pile of gold, you didn’t even know you were sitting on.
If you trade with other businesses and were often paid late then you could be entitled to significant compensation.
Under little known and under-utilised legislation your business could be due huge amounts in compensation that you didn’t even know about.
Let’s be clear – this is not a way to weaken any customer relationships you value. It is one that identifies who’s been paying late and then recover the potentially significant sums in compensation using Late Payment Legislation from businesses where the relationship has already ended.
You can pick and choose who you want us to follow up – but once we’ve agreed which companies you’d like to pursue compensation from it’s a fast process and there’s no financial outlay to you whatsoever. My team at CPA put its expertise to work to recover the compensation due and fight late payment culture.
That compensation could provide the cash boost your business needed.
But don’t delay, that compensation evaporates if not claimed within six years of the late payment.
How can CPA help?
CPA has developed a unique technology to dig into your accounting records and discover the cash injection you are due by means of compensation. The software does all the hard work. Our software interacts over the cloud with over 300 different software packages, working directly with your accounts package, just so long as it’s stored on a computer.
We recognise that most companies do not have the resources to spend time on the identification and calculation of Late Payment Compensation. Our service can produce an Analyses within just a few days with (usually) less than 30 mins of co-operation from our clients. We work directly with over 300 accounting packages but can also work with bespoke accounts packages. Indeed, speed is essential as the oldest invoices may fall foul of the 6-year time limit.
Once the Sales Ledger Analyses is made available to clients, all that is required is that management decide which commercially sensitive ex-customers to remove from the list and return it to us.
CPA then uses its years of collection experience to explain and recover the Late Payment Compensation Claims. Clients do not handle any part of the recovery process as our team will take all communications from the companies against who the claims has been made. Often, it’s simply a case of explaining the legislation, sometimes we have to go all the way and enforce the legislation through the courts.
The result is that we are realising clients’ claims worth tens and sometimes hundreds of thousands of pounds which, of course, is pure net profit. You may also be among the recipients of “hundreds of thousands of pounds” should you elect to take advantage of our services.
We do the work, you receive the cash.
If you have supplied goods and services to businesses on credit and were regularly paid late then you could be due significant sums in late payment compensation.
We are talking to companies and unearthing claims in the hundreds of thousands from former business customers who paid them late. Large business customers who abused their power to inflict unfair and sometimes illegal payment practices.
We are helping business owners who are looking to boost the returns from their business before they retire. We are helping businesses who have lost major clients after years of loyal service to get properly compensated for systematic late payment. We are helping companies that were looking to close down, who looked insolvent and finding that cash injection they need to avoid insolvency.
Those former clients who regularly paid you late can finally be made to pay.
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!
The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections.
Keep up to date with the latest news by following us on social media:-
The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections.