A recent authoritative survey of SME contractors operating in the construction industry shows that on average over 15% of their turnover suffers from late payment. Research has shown this affects over £22 billion for this sector!
This has a serious knock on effect on their ability to make investments, market their company and hire new staff, let alone give a pay rise to their existing employees.
CPA offer our members/clients an efficient, cost effective way to increase their cash flow without damaging the relationship they have with their customers. With the use of our logo on invoices/statements and advising your customers of our involvement we can immediately reduce the overdue accounts and bad debts that our members/clients suffered from prior to us being on the scene. The majority of overdue accounts referred to our letter cycle are resolved within seven days of receipt by the customer of our first letter, that’s at least £10 billion sorted straight away!
Within the construction industry contract retentions have long been a bug bear, but by using our services we can quickly resolve these and the whole point of our letter cycle is to get money into your Bank account!
Remember prevention is always better than cure so why not use our credit application form and market leading credit reports to ensure you are dealing with the right people in the first place.
If you think there is something we can assist with then why not give us a call, or drop us an email, and let’s see if we can get you paid.