With many businesses being forced to close their doors due to the impact of the Coronavirus many suppliers are changing both their terms and conditions and credit criteria on an ongoing basis.
Here at Business Renewals we are dedicated in providing all businesses with a cost effective renewal service and we would like to inform you of some recent updates:
- Removal of all zero standing charge products
- For SME the removal of cash/cheque option
- Minimum credit criteria for Sole Trader now 50
- Minimum credit criteria for LTD at 40
- BG Lite products minimum credit criteria 25
- Only accepting renewal business
- Temporarily suspending all new business to focus on renewals
We are expecting other suppliers to adapt to the new financial positions in the very near future.
Business Renewals are happy to discuss any issues you feel your business may face with respect to your contract renewals.