"Giving the right advice, first time, every time"


Signs that your customer may be experiencing financial difficulty


4 January 2019:  At BRI Business Recovery and Insolvency, we are fully aware of the numerous indicators that a company is suffering financial distress. Below are some warning signs that are easily identifiable and may provide an opportunity for you to be “one step in front” and get paid before a formal insolvency event occurs:

  • Part payment of monies due and in round lump sums
  • Payment terms continuously not being met
  • A large spike in searches of the customer’s credit file
  • Accounts/confirmation statements not filed or being filed late at Companies House
  • Move to invoice discounting/recent secured lending being registered at Companies House
  • Negative publicity
  • High staff turnover
  • Social media information

Clearly, the above list is not exhaustive and, should you have any concerns about a customer and their financial position, please contact any one of the experienced management team at BRI for assistance.