Crowders has announced it will offer extended credit terms up to 120 days for all new business received from 1 June to 31 August. The decision comes after recognising that many companies within the landscape sector now getting back to work after may struggle with cash flow to begin with, until they are able to make claims for and receive payment.
James Carter, sales director, explains “We recognise that cash flow 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, adds: “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.”