Perceptive Underwriting

14 August 2018

Cepac

Cepac is the UK’s leading independent corrugated packaging supplier, designed from first principles to provide a modern, smart, state-of-the-art alternative to conventional corrugated.

Cepac is owned by the HSA Group which is recognised for their diversified and well invested operations around the world covering a wide spectrum of activities.

We have been using Nexus CIFS for 7 years, when we moved away from a fully insured factoring agreement with our bank. The move was seamless, we have been able to obtain increased limits on our customers allowing us to increase our sales, without jeopardising our cover. We can sleep better at night knowing that on average 97% of our £25m debtors are fully insured. The direct line to speak with an underwriter and discuss limits is an excellent touch, no longer is it a stone wall “the computer says no!” an open and frank dialogue is welcomed, Nexus will call or even go and visit customers to obtain a better understanding of the potential or lack of potential risk they are exposed to. We have been fortunate that we have never had a limit refused, or a live limit reduced or removed, and we deal with a vast array of customers, not all are well known “blue chip” companies. We have on a couple of occasions had to use the cover on a few bad debts, Nexus pay out, they never quibble, or hold up payment. I have no hesitation in recommending Nexus CIFS to any business looking to credit insure their debtor book. Great Team, Great Service. Well Done.

Simon Lilley - Group Accountant and Treasurer, Cepac Ltd


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