{"id":2507,"date":"2022-04-11T11:42:55","date_gmt":"2022-04-11T10:42:55","guid":{"rendered":"https:\/\/checkaco.com\/blog\/?p=2507"},"modified":"2022-04-11T11:43:43","modified_gmt":"2022-04-11T10:43:43","slug":"checkaco-news-update-the-perils-of-giving-credit-to-firms-as-a-sole-trader","status":"publish","type":"post","link":"https:\/\/checkaco.com\/blog\/checkaco-news-update-the-perils-of-giving-credit-to-firms-as-a-sole-trader\/","title":{"rendered":"CHECKACO NEWS UPDATE: the perils of giving credit to firms as a sole trader"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"842\" height=\"595\" src=\"https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/04\/Sole-trader-graphic.jpg\" alt=\"\" class=\"wp-image-2508\" srcset=\"https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/04\/Sole-trader-graphic.jpg 842w, https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/04\/Sole-trader-graphic-300x212.jpg 300w, https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/04\/Sole-trader-graphic-768x543.jpg 768w\" sizes=\"auto, (max-width: 842px) 100vw, 842px\" \/><\/figure>\n\n\n\n<p>If only there had been Checkaco a few years ago when I worked as a graphic designer in the 1990s. During a short period of a few months a number of clients \u2013 all limited companies \u2013 went bust owing me just short of \u00a320,000.<\/p>\n\n\n\n<p>They all seemed so professional. A magazine publisher, a private school, an estate agent, a mortgage company and a marine insurance outfit. A credit check on them would have revealed a string of County Court Judgements against their names which in anyone\u2019s money is a red warning light.<\/p>\n\n\n\n<p>Initially things went well with all the clients paying within 30 days of the date of my invoice. But after a few months a slippage occurred with me as a one-man business having to send reminders and phone calls to prompt payment. All the classic excuses were made \u2013 the cheque is in the post, we haven\u2019t received your invoice, the person who signs them off is away etc.<\/p>\n\n\n\n<p>As the delays got longer I would get increasingly concerned but foolishly continued the work. Soon payment was 60 days and then 90 days causing me to extend an overdraft and eventually to re-mortgage my home when they failed to pay completely. They all went out of business \u2013 and even asked me when they had begun new businesses from the same offices under a new name to begin supplying them with design work.<\/p>\n\n\n\n<p>I refused \u2013 and had learnt my lesson the hard way. If a company fails to meet your credit terms stop supplying them. Before you even start work for a limited company check them out on Checkaco.<\/p>\n\n\n\n<p><strong>Checkaco was created for consumers so that they can quickly access very detailed information about a company. Using our secure search, you can view any company anonymously in seconds<br>Full peace of mind for \u00a36.50 per company checked when you buy three reports for \u00a319.50.<br>Quickly view a company\u2019s CCJ\u2019s, legal ownership, credit history, credit score and more.<br>Or buy in bulk: 10 reports for \u00a337.50 (\u00a33.75 each); 25 reports for \u00a388.75 (\u00a33.55 each); or 100 reports for \u00a3335 (\u00a33.35 each)<br>\u00a0<br>Get the low down on any firm at\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/checkaco.com\/\" target=\"_blank\">https:\/\/checkaco.com\/<\/a><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"322\" height=\"104\" src=\"https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/01\/checkaco_logo-2.jpg\" alt=\"\" class=\"wp-image-2386\" srcset=\"https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/01\/checkaco_logo-2.jpg 322w, https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/01\/checkaco_logo-2-300x97.jpg 300w\" sizes=\"auto, (max-width: 322px) 100vw, 322px\" \/><\/figure>\n\n\n\n<p><br><br><strong>For details about Checkaco&nbsp;email info@checkaco.com or visit the website&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/checkaco.com\/\" target=\"_blank\">https:\/\/checkaco.com\/&nbsp;<\/a><\/strong><br><br><strong>Checkaco, The Exchange, Express Park, Bristol Road, Bridgwater, Somerset TA6 4RR UK<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If only there had been Checkaco a few years ago when I worked as a graphic designer in the 1990s. During a short period of a few months a number of clients \u2013 all limited companies \u2013 went bust owing me just short of \u00a320,000. They all seemed so professional. A magazine publisher, a private [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":2508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CHECKACO NEWS UPDATE: the perils of giving credit to firms as a sole trader -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/checkaco.com\/blog\/checkaco-news-update-the-perils-of-giving-credit-to-firms-as-a-sole-trader\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CHECKACO NEWS UPDATE: the perils of giving credit to firms as a sole trader -\" \/>\n<meta property=\"og:description\" content=\"If only there had been Checkaco a few years ago when I worked as a graphic designer in the 1990s. 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