How Small Companies Can Get Paid

With slow payment and insolvent debtors being two of the biggest problems facing small businesses, we are advising local companies to take advantage of a beneficial service.

Payment Against Invoiced Debtors (PAID) is a service available as part of The Credit Protection Association plc (CPA). We have been advising an increasing number of local clients to take advantage of this service as late payments continue to affect the cash flow and profitability of the thousands of small businesses which operate in the region.

Small businesses in particular can be dramatically affected by the “late payment” culture we so often experience. Many businesses have thousands of pounds owed to them at any given moment and this can restrict their growth or even their survival.

We have therefore been advising clients to take advantage of the PAID service which provides an effective credit management solution. PAID ensures you will be paid by debtors, allowing you to make credit decisions more easily, avoid chasing invoices and enjoy peace of mind.

With insolvencies being at an all time high, debts are becoming even more of a worry as many businesses find they are never paid if their debtor is declared bankrupt. However through PAID you should always be guaranteed payment.