Managing Risks of bad debtors

News >> Risk Management

Maintaining a good cash flow is essential in any business staying afloat. Sadly, not all of our clients pay on time despite us providing our services or products in good faith.

 We will always have some Slow Paying Customers that if not better managed, could push your business to the brink of insolvent trading, which is not only illegal, can restrict the operation of some of your insurance policies.

 If your customers are not paying you on time,  they are effectively using you as an interest free bank and it is costing you more money than you think.

I know an expert who can help you with this. Larry Brownson, who has a company called Ledger Guard.  He can help you get paid on time, minimise any misunderstandings and disputes with your customers and improve your cash flow.


His contact details are:


Telephone:  07 3260 7232

Fax: 07 3041 6025


Postal Address PO Box 262 Hamilton, Old 4007



The following are some of the services he can provide you with:


  • Show you how to legally recover costs from variations to orders by putting the correct Terms & Conditions in place
  • Make sure your Business complies with Current Credit and Privacy Laws and how you can credit check an existing or potential customer in compliance with the Privacy Act 1988.
  • Unidentified Liability and Warranty Issues in Your Business Dealings and how to have immediate protection from such risks.
  • Have Practical, Robust and Current Terms & Conditions of Trade.
    • operate with legally enforceable terms and conditions that fit your individual business operation,
    • spell out the rights and responsibilities of both parties and
    • be formally accepted by every customer.
    •  work with you to make sure that all the relevant conditions of your business are explained in a practicaL one page document that fits the back of your quote or order form.


Speak to Larry and discover how you can seriously reduce your exposure to unnecessary risk and protect your cash flow. Vital to the survival of any business.


Ledger Guard's Credit Risk Management Products & Services Include the Following:

  • Practical Business Documents such as Terms & Conditions of Trade, Work Authorisation Forms, Variation Forms, Credit Account Applications, Subcontract Agreements — easy to use and designed to meet the needs of your specific business operation
  • Informative Unbiased Credit Reports on a potential customer's payment history so that you can have some assurance that you will get paid
  • Debt Collection Services for the slow payer who has become a problem debtor — commission only payable on money received and with the correct Terms & Conditions in place you can legally pass on all collection costs to your debtor (This means you can outsource the stressful time consuming task of collecting your difficult accounts and may not have to pay a cent)
  • Credit Management Advice and Assistance so that you are paid sooner and have 'peace of mind' when extending credit


Ledger Guard carries out these audits for a number of businesses every month.


Ledger Guard give you a complimentary assessment of your current business documents. Find out how well your paperwork measures up and if the level of protection is adequate for your business. All they need is a copy of your current document's. One of his team will review your terms & conditions and associated forms, then report back to you on how well they measure up to current industry standards. There is absolutely no cost or obligation.


If you are interested in a document review or have any questions regarding Ledger Guard's services, call Larry on 07 3260 7232.







Last changed: Aug 19 2011 at 11:09 AM


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