Credit Crunch name and shame

Sir Richard Branson and other  businessmen will be warning the Government that a new oil crisis forecast to hit in the next 5 years needs to be managed carefully. The crisis is expected to have a bigger impact than the credit crunch.  Branson will be saying that The following  five years will see us face another crunch – the oil crunch. This time, we do have the chance to prepare and that we do have the time to prepare in advance. preparation in advance and forward planning is the key for all businesses, large and small. Being aware of future markets in terms of supplies and new technologies can help to prepare  a business in planning its future.
This approach will give an insight into the actions of customers and into their future health. Firms with reasonable Debt Recovery cash flow can benefit a great deal from not paying invoices on time. Spare money in their bank offsets their interest. Managing their money to use the credit of their suppliers means they can fund their business using someone else's money. It is essentially in most cases an interest free loan. The cash outflow temporarily saved can be employed to meet operational funding requirements. It is also commonly used to pay down debt on interest bearing loans and to reduce the monthly or daily balance on which interest is calculated and business debt collection.
Stretching the accounts payable, a firm effectively extends the period of this interest free loan thereby increasing the value of the benefits it receives from the use of Company Credit Check trade credit.
www.due2pay.co.uk is a 'must use' tool for Limited Companies suffering from late payment in the UK. It is a reference site like no other as it is unique in emailing members when a company has been listed as a late payer ( as we know late payments can force a supplier to the wall) and allows those same i to talk to each other.