Check That Company Calls On Small Firms To Keep A Tight Rein On Debts In 2011

Leading online credit checking service for small companies, Check That Company (www.checkthatcompany.co.uk), says that small businesses need to go into the New Year resolved to keep a tight rein on the debts – or face the prospect of being under extreme and mounting pressure throughout 2011.

With the VAT increase about to take effect, rising fuel prices, and inflation rates that are consistently above government targets, costs for small businesses are increasing and all firms will need to make sure that they keep levels of debt under control, says Dennis Scott, Operating Director of Check That Company.

“While we are all hoping that the VAT increase and the inflationary pressures won’t prevent the modest we saw last year continuing to gather momentum, 2011 will not be a year for taking chances. Small businesses will be under cash-flow pressure and need to make sure that they make stick to their terms and conditions as much as possible. What SMBs need more than anything this year is stability – bad debts and late payments they definitely don’t need.”

With businesses under pressure, the potential for fraud and sharp practices is also growing, so directors and owner-managers need to be aware of this threat as well. “Scott states: “Making sure that customers are in a position to pay their bills before advancing credit makes sense at any time, but it will be more important than ever over the next 12 months. We know that as government cuts begin to bite that things will get worse before they get better in many sectors, so running a tight ship and making sure that customers are legitimate and on a firm footing will be vital. Small firms need to get used to the idea of running business credit checks and director reports as a matter of routine.”

Small firms can check the credit-ratings of new customers and check up on the status of their existing customers, quickly, cheaply and effectively by using the Check That Company (www.checkthatcompany.co.uk) online service. It costs just £1.99 to buy your first full Check That Company with a second thrown in free. Subsequent reports will cost subscribers £2.49 each. Official company documents can be purchased for just 99p each.

The accounts of more than seven million UK and Ireland companies and 9.3 million individual director reports are available through the service on. You can also view and print copies of over 400 million original document images, financial reports and other official company documentation.

Businesses can register with the service simply by going to www.checkthatcompany.co.uk . The service operates on a pay-as-you-go model and no annual subscription is required to access the service. For more information on Check That Company please contact:

Dennis Scott

Check That Company

Tel: 07860 567940

Email: info@checkthatcompany.co.uk

Web: www.checkthatcompany.co.uk