“They’ll be deviating from your standard credit terms and conditions which they may have previously complied with. You might see that they are slow on payments, and that’s an early indication that something might be awry,” she says.
“Make sure you have terms and conditions of trade in place. If you’re supplying goods, it’s a good idea to grant a security over those goods and say that title in the goods – the actual ownership of the goods – doesn’t pass until you have been paid.”