It has been a challenging few months for the manufacturing industry. With the radical lockdown measures imposed by the government in response to the Covid-19 pandemic, markets for goods have dried up. There have been problems with supply chains, and businesses who purchase the goods that are manufactured have closed their doors. Some businesses have been able to adjust successfully, honouring their debts or reaching a sensible agreement with their creditors. Others have unfortunately used the crisis as an excuse not to pay their suppliers, resulting in bad debt.
As suppliers of goods to businesses, manufacturers are all too often the victims of bad payers. Some retail outlets that have been unable to shift stock have defaulted on their debts. Some have been contacting manufacturers with excuses to delay payments, others have been attempting to wriggle out of their liabilities altogether. All the excuses in the world shouldn’t make the slightest difference, debts should be honoured.
Dealing with unreliable new customers
If this sounds like something that you are facing, we can help. Nightfox offer face to face debt collection services that can help you deal with the issue. We understand that during the current situation, some of your customers may simply be struggling to establish new ways of working. Our face to face services can be a perfect prompt for them to understand the importance of managing their finances and paying their debts promptly. All of our visits are recorded using sophisticated body cam technology, providing you with total peace of mind as well as generating useful evidence should you need to pursue any claims further.