Don’t get stiffed in 2023!
Why is it that used car salesman, estate agents and property people all get a bad rap? To be fair, there are some seriously bad ones that give everyone else a bad name! 
I am sure we’ve all seen the programmes on slum landlords, rogue care traders and shady salesmen. 👨💼 👩💼
Social media is a world of smoke and mirrors, the biggest veneer to create a respectable shine ✨, start scratching under the surface and do your homework.
Do you know you can follow companies on “Companies’ house”, and it is FREE! 😍 Just search the company you want to follow and select FOLLOW THIS COMPANY! Simples! 👍
Plus you can search on individuals too!
An alert we had on a company popped up recently showing they were in administration, owing a big chunk of money! Smoke and mirrors… 🤯
I cannot stress enough the importance of companies’ house. While often it is too late, by monitoring a company you can pick up on some early warning signs. 💯
A few things to look out for: 👇
⚠️ Multiple changes of Directors in a short time.
⚠️ Late filing of company accounts.
⚠️ An increase in the number of charges / borrowings being taken out with no obvious reason.
⚠️ A debenture in place to a preferential creditor and / or unexplained inter company loans.
There are also some more subtle signs: 👇
❌ Not paying supplier invoices on time.
❌ Excuses as to why they can’t pay you.
❌ Delayed replies to emails.
❌ Standards start to slip, projects over run.
❌ High staff changes.
❌ Not returning phone calls.
