The John Reynolds Group and UK Credit officially merge to form ‘Acumen Credit Insurance Brokers Ltd’.
This company’s main requirement was to find an underwriter who understands the risks facing the meat industry such as volatile commodity pricing, no retention of title clauses in terms of sales and potential shut downs due to infections and viruses.
Rapidly expanding scrap metal business requiring new credit management procedures and protection against bad debts
This company did not a have an established credit management operation and following a rapid expansion were looking to implement new credit management procedures.
Previously uninsured, this client had a somewhat skewed buyer portfolio whereby failure of particular customers to pay could cause serious issues for the business.
As well continuing to insure existing and new customers in the UK, this client was also looking for protection against bad debts for a new business venture in countries they had not previously sold goods in.