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.