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ISSUE CREDITOR'S WINDING UP PETITION
If your customer has not paid your undisputed invoices, as and when they fall due, there is every possibility your customer is experiencing any one or more of the following:
- Choosing to pay other creditors instead of you
- Using your credit terms as a interest free, unsecured, funding facility
- Exposing you to suffer unnecessary loss
- Taking assets into new company while leaving you and other creditors behind to perish with old company
- Trading while insolvent
- On the brink of collapse
Sounds, feels, looks familiar? You probably have good suspicions already so don't kid yourself further.