Creditlook is the first online service that allows members of Trade Associations to view and share information about their customers who are trading outside of agreed payment terms.
We’ve joined forces with the National Specialists Contractors Council. Take a look at the NSCC Creditlook launch...
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
Major contractors muscling-in on smaller contracts are proving a major headache for construction SMEs.
A third of firms quizzed for a new report by pre-qualification register Constructionline said competition from larger companies is the biggest challenge local contractors face in tender competitions.
Late payment is still a blight on the industry with 56% of the 1,300 firms quizzed saying invoices took even later to settle during the last year.
"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
+44 (0)1628 581050
