News & Events 2009

With thousands of businesses having failed in 2008 and with more forecast to do so in 2009, the harsh effects of the recession continue to bite. Surviving businesses need to have access to a range of financial information and advice providing the knowledge and skills required to navigate through these uncertain times.  

Composite has answered this need by introducing a new dedicated debt, cash-flow and business support package as an additional benefit to its commercial legal expenses products.  

Composite's Development Manager, Tim Mullin, comments:               

“Cash remains as the oil in the machine and the blood in the body for any business. Availability of cash is the result of a wide range of factors ranging  from pressure to pay banks and creditors to delays in receiving payments from debts.          
               
Our new service will provide businesses with assistance and practical advice relating to all aspects of cash flow, debt management or simply providing an explanation of terminology. The service also includes business status     monitoring keeping businesses informed of a supplier's or client's activities enabling identification of any unexpected changes before it's too late.               

We believe our offering is a first in the insurance market and, having piloted the service with some of our affinity clients, we know there is the demand. I would encourage intermediaries and insurers to offer such a service to their clients.”  

To find out more, brokers and insurers should contact Tim Mullin on 0871 423 5240 or email enquiries@composite-legal.com