Creditlook is an exciting new service that allows members of trade associations to collaboratively share real time information about customers who are trading outside of their agreed payment terms.
This online credit circle helps reduce the risk of bad debt by enabling members to identify known credit defaulters and late payers within seconds – before they supply any goods on credit. Find out more
We were advised on 21st March that O'Donnell Developments Limited (02606227) had gone into administration. They were first entered in the Creditlook system as trading outside of terms in May 2009, and have been tracked ever since within the system as well as our weekly newsletter
"The online Creditlook credit circle is what we use to make the best decisions on credit terms and as an early warning system for trouble with debtors. If it is not perceived as an essential tool in this regard in the Construction Industry – in our opinion it should be."
Doug Parry, Express Reinforcements Ltd