Kaps Finishing

Bad Debt Protection gives Essex print-finishing company added security.

Kaps Finishing provides print-finishing solutions to trade printers in the UK and France. “We’re known as the ‘go-to’ print finisher for jobs that, quite frankly, no one else can do,” says Director, Jack Thompson. “Whether it's a tight deadline or seemingly impossible project, we get the job done.”

Having Invoice Finance from Aldermore helps to ensure that the Basildon-based business can focus on its customers’ needs rather than unpaid invoices, while Bad Debt Protection gives Kaps Finishing added security should a customer not pay their invoice. 

“Getting Bad Debt Protection for the business was a no-brainer to me” Jack adds. “Our trade and the wider economy can be unpredictable and you can easily end up in trouble if a customer doesn’t pay you. That could mean that you can’t carry on yourselves.”

Kaps Finishing has had Bad Debt Protection since 2014 and the business found they had to use it, after invoices totalling £25,000 weren’t paid.  “The process was straightforward and Aldermore gave us support every step of the way,” Jack remembers.  “Being able to stay afloat when invoices aren’t paid means we can carry on meeting our customers’ needs,” he stresses. 

Stephanie Odunston, National Bad Debt Protection Manager at Aldermore, says: “We’re delighted to help safeguard businesses such as Kaps Finishing. Bad Debt Protection can provide peace of mind when taking on new customers or when selling more to your existing customers. It’s flexible, because you can request that it is applied to all or just some of your customers. And whether you sell on credit to customers in the UK or overseas, Invoice Finance with Bad Debt Protection can shelter your business from the damage that unpaid invoices can do.”

“For our business, the potential benefits outweigh the costs and having bad debt protection helps protect the business when customers can’t pay,” Jack Thompson – Director of Kaps Finishing

Bad Debt Protection makes good business sense if you want to protect yourself from non-payment of invoices. Call us on 01612385015 to find out more.

 

Subject to status. Security may be required.  Any property or asset used as security may be at risk if you do not repay any debt secured on it. 

A BDP payment of protection is subject to an agreed BDP Limit being in place and subject to compliance with the Invoice Finance Agreement and, in particular, the Conditions applicable to Bad Debt Protection. Please note that whilst BDP provides protection on qualifying factored invoices against customer insolvency, or protracted default, it is not insurance or an insurance product.