Cups, Lips & Slips

Back again from the deadly decorators - and the deadly heatwave. The house is stone, so it's usually cool in summer - but only if you close it up during the day. As decorators don't paint well in the dark, I wasn't able to do that. Hot outside, and even hotter inside...

Anyway! Twice recently I've had clients call with problems arising from the same (alas quite common!) error. One of them invoiced a legitimate limited company before it was actually registered; the other supplied services to a company that be purported to be limited, but which didn't actually exist. The so called 'Director' of that 'company' has, of course, now vanished without trace...

In both cases, my clients relied on information given by the customer - in the latter case in writing on their own new account opening form (which shows, incidentally, a fake Company Registration number!) - but failed to check the information again Companies House records before supplying goods and services.

In both cases somebody thought that someone else had done the necessary because - again in both cases - there was no written Credit Policy in place to ensure that everyone knew exactly who was responsible to do exactly what.

Not having a written Credit Policy can cost money. In at least one of the two cases I've mentioned here, it's definitely going to cost money. If you don't have a written Credit Policy, you can write one for yourself. Essential points to cover can be found at http://www.metlissbarfield.com/systems.htm.