News
Sovereign Credit Management – The vital component in credit control
A large distribution company with over 8,000 trade customers was subject to a company audit, which Sovereign Credit Management was asked to carry out on behalf of a major lender. The audit incorporated a thorough and complex sales ledger review with an additional confidential TDV to provide an analysis of the working capital management cycle. [...]
Sovereign Credit Management – more food for thought
Sovereign Credit Management was asked to look at, and provide a greater understanding of, a £5.4 million sales ledger IRO for a food manufacturing business. Our client wanted to gain a clearer picture of how the business was performing and needed to ensure the quality of the debtor book was commensurate/in line with the trading [...]
Champion Challengers – Testimonial from Alison Bruty, Thomson Local
Sovereign Credit Management has agreed a new, sole-supplier agreement with long-standing client Thomson Local.Com, which sees them secure 100% of all debt placements passed by the Farnborough based company. Director of Client Services, Jason Goodger comments: “Thomson Local.Com has been one of our longest serving clients since our inception and it is with great pride [...]
Christmas Opening Times
Once again the festive season is upon us, so please find below details of our operating hours throughout this period: Closed from 5pm on Friday 23rd December 2011. Opening 9am Tuesday 3rd January 2012. We would like to take this opportunity on behalf of all the Directors and staff of Sovereign Credit Management to thank [...]
Sovereign Credit Management – Lending Certainty to Debtor Verification
A major UK lender asked to use Sovereign Credit Management’s rapid 24-hour Total Debtor Verification (TDV) product. We were able to re-assign one of our teams to carry out a confidential in-depth and detailed TDV across a £1.3m ledger, which included consolidated invoicing and complex relationships with local authorities. The lender had informed us that [...]
Sovereign supports local community
Sovereign Credit Management is pleased to announce its continued support of local groups Findon Valley Pre-School and Henfield Youth Club. Speaking about the relationships, Jason Goodger (Director of Client Services) commented: “We are delighted to support such groups, they are both close and personal to the directors of Sovereign Credit Management – we are actively involved [...]
The time for firms to plan for interest rate rises is now
Whilst the Budget hasn’t heaped excessive pressure on distressed businesses, the prospect of interest rate rises is a tightrope that could yet serve to strangle some businesses, precipitating insolvency. Sarah Hatswell, Managing Director of Sovereign Credit Management comments: “Whilst most business lobbying groups have focused on the Government’s disinclination to extend the NICs holiday nationwide for [...]
ICM and BIS monthly cashflow ‘tip’ to small businesses
The Institute of Credit Management (ICM) and the Minister of State for Business and Enterprise Mark Prisk have published their monthly ‘tip’ for small businesses to better manage their cashflow. ‘If you don’t ask, you won’t get. Invoice as soon as humanly possible after supplying your goods or service. The sooner the invoice is received, [...]

