2025 sets to be another strenuous year for SME businesses. Across the UK, companies could expect to face cash flow challenges in terms of receiving owed payments and subsequently being able to pay their own business bills.
For small to medium sized businesses, credit is vital for trading. When economic conditions become tough, businesses need to be confident that they can trade successfully and keep their business bottom line at a comfortable level.
Securing businesses against the impact of insolvency, especially when a client has gone into receivership can be critical to keeping their own company afloat. Receiving financial support provides the opportunity to allow some time to diversify and to build up an alternative customer base. It can be a lifeline chance to take the business forward in a new direction and to financially stay above board.
Staying above board with Credit Insurance
Protecting your business against unpaid invoices can be achieved by obtaining Credit Insurance. Credit Insurance offers lots of benefits including improving cash flow and offering balance sheet protection, access to trade finance, reducing bad debt risk and risk management and generally monitoring customers, markets and trade sectors.
Here at JRW Risk Solutions we provide up-front peace of mind for companies, by protecting SME businesses with Credit Insurance, based on whole turnover, key customer accounts, one off single risk, UK cover, or worldwide cover including shipping costs.
For further support please refer to the CREDIT RISK ANALYSER via our credit insurance partner Euler Hermes. This free tool will help you to quickly access important details to understand if your customers are at risk of non-payment or under-going insolvency. For more information or to book a Credit Insurance review for your own business, please contact JRW Risk Solutions.