As many landscaping business’s return to work after a lay-off of 10 weeks, one of the biggest challenges they face is managing cash particularly as they will have to “start again” and wait for a long time before they are able to make claims for payment and ultimately receive cash in their bank. In recognising this, Lincolnshire based Crowders have decided to offer extended credit terms of up to 120 days for all new business received from 1st June to 31st August.
James Carter, Sales Director of the 7th generation family firm, explains: “We recognise that cashflow will be one of the biggest challenges facing those in the Landscape sector after such a long lay-off. Many will have had few or no invoices to raise in the last 10 weeks whilst still having overheads to pay.
“It will take considerable time to be able to raise invoices for work done after returning, and then even longer to wait for payment. As one of the key suppliers to the sector we wanted to help as much as we can by offering supplies on extended terms, and thereby getting the wheels turning once again. We welcome enquiries from new accounts as well as existing customers.”
Neil Rudkin, Finance Director, said “We are offering terms of 90 days from the end of the month in which our invoice is raised before payment is required. The only proviso is that the customer remains within their total credit facility. We have negotiated terms with our banks and credit insurance providers to allow us to offer this facility.”
Notes to Editors