5 reasons why your business needs a skip hire credit account

At 1st Choice Concrete & Skip Hire, we encourage our regular customers to move away from ad-hoc payments and take out a credit/trade account instead, due to its numerous advantages.

Let’s take a closer look at how your business can benefit from a skip hire trade account.

Extended payment terms

Extended payment terms significantly improve the cashflow of a business that regularly hires skips, allowing for better financial planning. The business isn’t impacted by unexpected, upfront skip hire costs. Instead, cash reserves can be ringfenced for other critical operational expenses.

With a trade account, skip hire becomes a predictable expense. The average monthly spend can be factored into financial forecasting and payments can be planned in advance, allowing for more robust management of working capital.

1^st Choice offers credit accounts, usually of 30 days, to eligible customers.

Preferential rates

Skip hire customers with a trade account often benefit from lower prices and multi-order savings as a token of appreciation for their loyalty.

Regular ordering enhances the relationship between the skip hire company and the customer, so the skip hire company is more likely to extend the offer of preferential rates to maintain that relationship. This arrangement builds mutual trust that benefits both sides.

At 1^st Choice we are proud to have an extensive list of regular business customers with credit accounts for whom we are happy to offer preferential skip hire rates.

Streamlined administration and billing

Rather than having to process separate invoices for skip hire throughout the month, a credit account consolidates multiple transactions into one monthly invoice. This not only simplifies the payment process, it also makes it easier to record, check and sign off invoices. Streamlined administration and billing therefore saves time and resources for both the customer and the skip hire company.

Having a credit account also simplifies the ordering process. Prices and terms are already agreed, and there is no need for payment authorisations, so orders are placed much more quickly.

Administration and billing systems at 1^st Choice are designed to make life easier for the customer, with clear invoicing and payment requirements.

Easier compliance and reporting

Compliance and reporting are increasingly dominating skip hire processes. Environmental and regulatory guidelines have changed the way in which the skip hire sector operates.

When a customer has a trade account with a reputable skip hire company, they are given access to a robust audit trail of orders, payments, licences and reporting. This is important because as a business that produces high volume waste, there must be complete transparency about how that waste is handled to meet legal requirements and avoid financial penalties.

Having a credit account with a skip hire company also instigates a relationship of information sharing and collaboration which provides additional benefits when it comes to compliance. At 1^st Choice we are always ready to advise customers on compliance and reporting to keep their processes on track.

Priority drop off and collection

A ‘nice to have’ perk of being a skip hire trade customer is being offered priority skip drop off and collection. Most sectors offer benefits to regular customers, and skip hire is no different!

While it may seem like an indulgence, being a priority customer can in fact reap financial and operational dividends, particularly when the need for a skip or skips is urgent. Productivity can come to a halt if there is nowhere to safely and legally dispose of waste.

Whilst we pride ourselves on providing an exceptional service to all our customers, at 1^st Choice we like to thank businesses who regularly hire from us by offering a VIP drop off and collection service when they need it.

Open a credit account with 1^st Choice Concrete & Skip Hire

Open a skip hire credit account with 1^st Choice to enjoy all of these benefits and experience a proactive, managed service with one point of contact. If you’d like more information, call us on 0151 549 1882.