In addition to construction related bonds, Bridge Credit offers a wide range of bonds and guarantees:
• Duty Deferment Guarantees - can be used to defer the payment of VAT to HM Revenue and Customs when purchasing goods from many overseas markets, thereby improving cash flow
• Advance Payment Guarantees - can be used to satisfy a company that monies advanced by them for goods and or services will be safeguarded in the event of default by the recipient of the funds.
• Deferred Consideration Guarantees - can be used during the acquisition of a business, allowing the purchaser to defer paying part of the agreed price (which they might want to pay out of future profits) whilst giving the vendor confidence that their money will be received.
• Tenant Default - protection for a landlord against the risk that a tenant, or tenants, should fail to meet rent demands as they fall due.
(subject to terms and conditions, exclusions and limitations)
Why use Bridge Credit Risk?
Bridge is an independent specialist in this area and maintains good relationships with a large number of surety providers. Our highly experienced team will strive to:
- Understand your requirements and advise you on the most suitable products
- Advise what information will be required to secure the best underwriter quotes
- Check the ratings and financial strength of our recommended guarantors
Bridge’s Client base ranges from small, owner-managed businesses to large international companies.
For further advice on how we can assist please contact:
Steve Howells, Head of Credit steve.howells@bridgeinsurance.co.uk