It has always been a risky business supplying Proprietorship or Partnerships on credit terms, with very little information available online due to the fact that this business entity does not have any filing regulations.
The first advice I would give is to have a full application form specific to this type of business, which would ask for pertinent information such as all owners full names, dates of births, residential addresses along with the standard questions relating to the business.
So many businesses do not have the correct internal procedures in place to correctly credit check let alone collect any outstanding monies from sole proprietors or partnerships and often find that the information they originally gathered is either incorrect or out of date and has changed.
Did you know that Proprietor and Partnership business owners are jointly and severally liable for any debt so therefore you can recover any debt with one or all of the Partners within the business.
Creditserve are the only UK company who can provide Bespoke Credit Reports which give up to date business and consumer information on any non limited business in the UK and Rep of Ireland. These reports include business details such as trading address, activity information, date of establishment, other trading addresses & tenure, other business interests, business CCJ information, full ownership names and dates of births, electoral roll confirmation, CCJ and Bankruptcy searches, trade references and recommendation.
We are the only credit reference agency in the UK with the ability to provide these reports and also provide them to many of the largest blue chip organisations along with the main credit insurance agencies.
These bespoke credit reports are beneficial to all forms of company especially those whose main customer base is sole traders and partnerships as well as new limited companies. Companies in wholesale and distribution, manufacturing, transport, export and import, insurance brokers are just a few industry types.
If you would like to know more about these reports please feel free to contact us direct on 01992 414222 or email sales@creditserve.co.uk or if you would rather please visit http://www.creditserve.co.uk/Products-and-Services/Bespoke-Sole-Trader-Reports to view samples.
We can offer these reports on a pay as you go basis or in bulk at reduced prices depending on the requirement.
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