Entryphone has set itself very tight, low risk financial policies to ensure the long term financial stability of the company. These are summarised by the following.
- To limit the maximum exposure to a single customer to less than 2% of turnover.
- To ensure that trade credit is given only under the strictest terms to minimise the risk of bad debt.
- To pursue any bad debts until every reasonable avenue of recovery has been exhausted.
- To not trade with any individual or organisation that has, in our opinion, benefited from the non- payment of debts.
It is also our policy to:
Ensure that all creditors are paid promptly and in full under agreed terms.