Safeguarding growth
by protecting you
from bad debt.

Credit insurance helps protect your business against customer defaults,
giving you the confidence you need to grow safely. It will replace crucial lost
cash flow at the time you need it most.

Let’s get started

We Speak Your Language

Aggregators/RPO’s

Do you currently run some of your ledger via an RPO? Many sectors, such as Healthcare will operate via 2 or 3 main players and this often restricts funding levels. This can also be on Pay when Paid terms which makes funding extra tricky. We can structure a policy that covers the RPO and the end debtor to ensure you are covered.

Funding

If you currently have funding against your ledger, but are looking for a second opinion then we can put you in touch with funders who specialise in the recruitment sector. They understand the value of a strong credit insurance policy, and will work to fund against our limits. They also understand the intricacies of the sector and will look to provide a bespoke policy for you.

Concentration Issues

Do you have a large percentage of your ledger outstanding to one or two key clients? Not only is this potentially fatal if one of them enters insolvency, but it can make funding difficult. Many lenders will not fund invoices with such high concentration risks. By approaching the whole market, we can usually find a solution that suits you and also your funder.

Unsigned time sheets

In general, bad debt protection policies will look at signed time sheets only as a basis for looking at bad debts. As Credit Insurance has evolved, it is now possible to look at unsigned time sheets in the event of a client insolvency. This gives far more certaInty to you, and your lender(s) in the unfortunate event of a bad debt.

Increase access to finance, as we can provide your bank with the reassurances they need when extending finance to you
Gaining a competitive advantage in your market through identifying opportunities as well as risks
A reduction in your bad debt provision and, in turn a healthier balance sheet
The confidence to seek out new markets and customers and benefit from the growth this may bring

Questions? Get them answered now

In claims paid out in the last 6 months

Years experience in the Credit Industry

Banks and funders utilising our services

Countries covered for export sales

Safeguarding business, it’s what we do.

Trade safely knowing you’re covered.

We don’t expect you to know everything about Credit Insurance or its benefits. That’s why we have put together a short video to help explain the basics, but in a nutshell, Trade Credit Insurance protects your business from losses caused by the failure of a customer to pay an invoice. Giving you peace of mind whilst allowing you to grow confidently.

Protecting your business.
Giving you peace of mind.
No nonsense, just results.

Ready to get started?

Let’s talk

What are the benefits to
Recruitment Agencies

The future is not always as expected, we predict trade and credit risk today, to protect cash flow tomorrow. So our clients trust us to help mitigate the biggest risk on their balance sheet – their debtor book.

Improved cash flow

Many recruiters utilise Invoice Finance or Factoring facilities. By using a standalone Credit Insurance policy, you can often gain higher funding levels at lower rates. You’ll also look more secure to your banks which may enable better facilities or pricing as a result.

Sustainable growth

Rapid turnover increases are common in Recruitment, but this is where many agencies become unstuck. Why not grow with clients that have been pre-vetted and protect yourself from non payment at the same time?

Customer vetting

You have the ability to tap in to the insurers extensive database of information on clients and prospects within your ledger. Just because you are paid on time by your client – does this mean that they are not in financial trouble? This proprietary information also allows you to extend larger credit limits to your existing ledger, safe in the knowledge that you will be paid in the event of a claim.

Balance sheet protection

Maths is simple right? You are on a 20% margin, and one of your clients goes bust and you have invoices outstanding of 200k. You’ll need to generate an extra £1 MILLION of new business to replace that on your balance sheet. Add to that the lost turnover from your client going bust, and it’s not such an easy task. A Credit insurance policy would typically pay you back 90% of this outstanding amount, leaving you in a far stronger financial position.

I have BDP already…?

Then you will already be utilising some kind of invoice finance facility. Many of these funders charge including VAT, making them 20% more expensive from the start. They may also have capacity or limit issues as they will only be using 1 insurer. We would approach the whole market to ensure you get the best combination of cover and cost. The funder can then fund up to the insurers limits and they can be paid in the event of a claim after already funding you against the invoices.

Penetrating new sectors

Whether it is executive search focusing on C-Suite placements, Tech, Social care, IT or Construction recruitment – the possibilities are endless. If you are looking to enter new sectors or perhaps start billing overseas. then data and information about prospective clients is more important than ever.

Get started today

Great Service would recommend

We have been working with Abacus for around two years now and i have found their services very professional. Each email is answered promptly and efficiently. Great Service would recommend

Lindsey Shaw

Highly recommend!

David and his team are a great help to our business. They provide piece of mind and allow us to grow in a safe sustainable way! Highly recommend!

Thomas O Connor

Would highly recommend this company!

From the first time I spoke to David at Abacus I knew straight away this was the company for my credit insurance policy. Very personable and always able to get hold of when I need something. He has a wealth of industry knowledge which is invaluable. Would highly recommend this company!

Josh G

We would definitely recommend Abacus Credit Insurance Brokers Ltd.

Abacus provide an excellent service, finding a policy that works for us, and offers so much more. David has been a great help since the initial meeting, and even after we have taken out our policy. We would definitely recommend Abacus Credit Insurance Brokers Ltd.

Rena Patel

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Safeguarding growthby protecting you from bad debt.