Credit check service offered by GTMA

The service is offered in co-operation with Euler Hermes UK plc, the UK’s leading trade credit insurance company. Many businesses, focusing on growth and profit targets, overlook the need to build safeguards around a vital asset - their sales ledger. While companies routinely insure their business premises, stocks, vehicles and other liabilities, they often fail to consider the potential business impact of customers’ bad debts. These costs can be very significant, and can even jeopardise the future of a company; for example, if a business is operating on a 5 per cent profit margin, a £10,000 bad debt requires £200,000 of additional sales to compensate for the loss. Euler Hermes UK plc has more than 80 years' experience providing credit management solutions to businesses in many industry sectors and offers a wide range of services, including credit assessments and business Trade Terms and Conditions reviews.