We’ve joined forces!...with a new online credit forum from Creditlook. Share real-time data about customers who are known credit defaulters and late payers. Identify them in seconds online - before you agree to any credit. Sign up now and together let’s fight back against bad debt and insolvencies with NSCC and Creditlook.
NSCC and Creditlook are excited to team up and offer
a unique credit forum as ongoing support for the NSCC
Fair Payment Campaign, a drive to improve payment practices
in the construction industry
The spirit behind the NSCC Creditlook partnership is to create a successful industry-based program. Creditlook is for the members and by the members, where success of our program is a part of improving fair payment together - for all.
“In the current market, fair payment throughout the supply chain is more important than ever. Everything comes down to payment: if businesses aren’t paid fairly and promptly for the work that they do, they will cease to have a business at all. This is why we are running the Fair Payment Campaign and working in partnership with organisations like Creditlook to provide as much advice and practical support to Specialist Contractors as possible.”
NSCC Chief Executive Suzannah Nichol MBE
With a few simple clicks you can see whether or not a prospect or a customer poses a risk
and make an informed decision about whether – and on what terms – it is safe to do business:
Latest figures have shown that UK companies have formed an increasingly bad habit of late payments, with the average in 2011 paying almost 26 days beyond the agreed terms. Large UK companies were the worst culprits, paying an average of 34 days late. Thomas Whitfield, Solicitor at international law firm Eversheds, comments:
“The latest figures are showing that the average time for commercial debtors to pay, beyond agreed payment terms, has increased substantially over the last few years.
"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
