Comprehensive credit check service enables cost-savings for retailer Nauticalia

The challenge

Retail chain Nauticalia sells marine gifts and furnishings, coastal-themed souvenirs and décor, and practical boating accessories. The business operates three own-brand shops, supplies wholesale stockists and runs a successful export trade. As such, Nauticalia frequently opens new trade accounts or increases credit limits for customers. To reduce the costs of credit checks that are required to assess their customers’ financial validity, the business approached British Marine for advice.

How we helped Nauticalia to save costs and improve decision-making

Previously, Nauticalia paid a fixed fee each year for a credit check service. The annual subscription also forced Chris to commit for twelve months. As a British Marine member, Nauticalia is now taking advantage of the comprehensive credit check service that is available as part of their membership.

They use the service three to four times per week to assess new accounts before opening them, to investigate market intelligence and for market research. Compared to services available online where the financial data is often outdated, British Marine supplies Nauticalia with the latest analysed information and a credit rating.

British Marine not only saves the business an annual subscription fee, but also assists with improved decision-making by supplying up-to-date information.

IMPROVED

Decision Making

UP TO DATE

Credit Scores And Financial Information

£600

Saved In Annual Credit Check Fees

I’ve been a proud member of British Marine for over 40 years. Having access to this service as part of my membership offsets a considerable amount of the membership fee.

Chris Murdoch Managing Director at Nauticalia