| COMBATING THE
CRUNCH
In March of 2008 the Institute of
Credit Management (ICM) sent a useful leaflet, headlined
'Combating the Crunch', to 20,000 businesses across Britain.
As well as offering tips on how to manage cash flow during
this 'crunch time' for businesses it also stated: "Whether the
credit crunch is a reality or a myth, there is no doubt that
finance to support business is becoming less readily
available."
We can safely say the events of the
last couple of months have clarified the 'reality or a myth'
conundrum! It certainly is not a time to allow your credit
control to slip. As well as practical measures that can be
taken such as bringing forward the date from which
a debtor may be chased, you can also take advantage of
Lovetts fast track debt recovery service 'ACCELERATE' which
can reduce significantly the time it takes to recover
your debts. Why wait for other creditors to collect
before you. If you think your customer may be in trouble, use
a CaseManager letter before action starting at
£2.00.
www.lovetts.co.uk/accelerate | 
Lovetts are
pleased to welcome the appointment of Chris Hunter to the new
role of Client Relationship Manager. Chris previously worked
in our PreLegal Department and is thus very
familiar with Lovett's core business standards and
services.