Malcolm E Gilbey

Credit Management and Factoring Consultant

 
Who is Malcolm Gilbey?
Malcolm Gilbey MICM
(Member - Institute of Credit Management) is a consultant specialising in credit management and factoring.
With over forty-two years of experience he has spent the last ten years operating as an independent consultant. In 2002/3, his international reputation resulted in him becoming a key member of the European Commission's team reporting on the "Analysis of use of Factoring in the European Union".

Credit Management


Your company's most important asset is its debtors. Malcolm Gilbey can help review your credit management strategy.
A lot of small businesses do not consider credit management high on their priority list but it is this policy that protects possibly the organisation's largest asset.
What is a Credit Policy?
A credit policy should set out the organisation's credit objectives, define credit procedures, illustrate the documentation to be used and define the person with set authorities.
Some points that should be considered when setting a credit policy are as follows:
· Offering credit terms is lending interest free money to your customer. (Is it going to be abused?)
· Increase in overhead costs employing staff to collect debts possibly also a computer system, stationery, telephone calls.
· Incurs a percentage of bad debts, legal costs or collection agent costs.
But if you consider the above is too complicated you can out-source some or all of these tasks by using factors or we can introduce you to the new outsourcing receivables companies . There are in excess of sixty factors in the UK and it is essential that you select the right one for your needs for the smooth running of your business.

 
Audit Confirmation Services Limited
Registered Office ," Sovereign House,22 Shelley Road , Worthing,West Sussex BN11 1TU Reg. in England & Wales No.4288140

© Malcolm E Gilbey 2007.
E&OE All rights reserved.
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