UPN unveils credit scheme to members

United Pallet Network told a member conference last Saturday that it will start a payment guarantee scheme called UPN (Safeguard) that will protect members from bad debts from other members.
Last year, network members were left with a £50,000 debt when a member went into receivership. The new scheme consists of a payment transfer agreement, trust fund and deed of adherence and will cost 20p a pallet, with 10p from both the sending and delivering depot.
Melton Mowbray based UPN is also to relaunch its interntaional service. Martyn Chapman, network chairman says ‘The international service received a disappointing reaction but we plan to relaunch and we are in talks with potential international partners and look forward to starting talks.‘
MD Andrew Spencer told the Nottingham conference: ‘We have had a good first two years but we need to put the mean on the bones and believe we can capitalise on the big three‘s decision to concentrate on volume rather than customer service.‘