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Let's
see a simple example of how our Competitors may charge you:-
say
:- Sales Revenue = £10,000 per week
therefore, when VAT is added, the "Invoiced Debt" = £11,750
per week
and say that the Terms were 30 Days, but the customer actually pays,
to the industry average, of 49
and say you do 5 credit checks on new, prospective customers each
week
and say you want your Profit Margin "upfront" to cover
your own staff salaries, bills, car costs etc.
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Typical
Charges
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£'s
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| Admin
Charges @3.5% of POST-VAT Invoices (3.5% of £11,750) |
411.25
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Interest
Charges @ 3% above Base Rate (£11,750 * 49 Days @ 8%)
|
126.19
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| Drawdown
Fees (1 CHAPS per Week) |
25.00
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| Credit
Checking Fees (5 @ £10) |
50.00
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| Total
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612.44
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This equates to an Effective Charge of 6.1% of your £10,000
Sales Revenue
Have
you spotted the problem (for you!) in using their charging method?
It APPEARS a cheap deal when you just look at their component
%'s, but the math's shows it to be not so rosy in the end!
So here is how Back Office Support Services charges you:
We simply charge a straight forward % of your Pre-VAT Sales Revenue (i.e. the £10,000
in the example above) We would quote you an easy, uncomplicated % which could
then be directly compared to the 6.1% above. Our % covers all of the
above components (and a few more!) in a single "all-embracing"
figure………and that's it!
So
what % do Back Office Support Services charge you?
You now need to speak directly to our experienced sales team.
Our charges reflect the Industry Sector you wish to service;
your Debtor Day experience (i.e. how long your customers ACTUALLY
take to pay); and the size of your business…….as economies of scale
may apply.
So
call us on 01 260 280 290 or e-mail us at sales@backofficesupportservices.co.uk
for a competitive quotation
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