FIA

Knowing your customers is important, particularly if you’re extending credit. Make sure you know about their cash flow problems, before their cash flow problems become yours.
Whether you’re just starting a relationship with a new customer, or have been dealing with them for years, it’s vital to have a thorough understanding of your customers’ situation.

As part of FIA Cash Flow (FIA member benefit), you can credit check businesses for just £8, a saving of almost 50% of the retail price.

So why credit check?

A credit report contains useful information on their trading history, credit history and financial history. They also provide a credit rating and limit and give you details on the Directors’ other companies.

Also for as little as £7.50 per 5 businesses per year (that’s the equivalent of just £1.50 per business) you can monitor a business for daily changes in their key business data.
Business Status Monitoring gives you regular information about a business, including finding out if they’ve been served with a County Court Judgement (CJJ). This will tell you that they owe money to other creditors and might not be able to pay you for services. You can decide to stop their credit or even to stop dealing with them altogether.
You can also find out when a business changes its directors or shareholders and when they have filed their accounts, useful if you want to look at them for your own peace of mind.
 

Under a tenner - less than a pub meal!

So to credit check and monitor a business, it’s equivalent to just £9.50 per business per annum, can you afford not to?
Credit reports are available at www.fia.wk5.com, just go to the home page, select Credit Information down the left hand side and fill out the company search. Reports are available instantly online. It couldn’t be more simple!
You can set up BSM by going to www.fia.wk5.com, selecting Business Status Monitoring down the left hand side and then register your details! Any changes are then sent directly to your email address.
For less than a pub meal costs you can now be on the ball when it comes to your customers!