credit checking

[NotAllThere]

...
One agency I was using for a while had a rating of about 54, and a maximum credit exposure of £18,000 but I know for a while it was touch and go whether they could pay the invoices and they were frequently a few days late.

Is that £18K overall, or per contractor. If they've a hundred contractors, that'll be £180 each...

[sweetandsour]

Is that £18K overall, or per contractor. If they've a hundred contractors, that'll be £180 each...

The checksure reports give you a "riskiness rating" and also a maximum recommended amount outstanding that you should allow them to have at any one time.

Of course, that is not a lot of help if you invoice monthly and the figure they give you is less than your monthly invoice.