The past two years have been particularly challenging for businesses across the world – not least those within the international removals industry.
Issues surrounding Brexit, the Covid pandemic and the worldwide shipping crisis have affected even the most hardy of removals companies. So, customers and partners of industry frontrunner, John Mason International will be reassured that the company passed its latest financial assessment with flying colours.
Assessed by the EY Credit Risk Barometer (EY CRB), in association with FAIM Quality certification, John Mason International scored an impressive 3,4% low credit risk. This level of risk is awarded to any business scoring between 0% and 25% – so the outcome is particularly pleasing for the removals specialist’s director, Simon Hood.
“This latest report confirms what we already know – that John Mason International is in excellent shape, despite the rigours of recent events,” he says. “The report takes into account three types of ratios – solvency, liquidity and profitability.”
Solvency is the ability for the company to meet its long-term financial commitments. Liquidity is the ability for the company to meet its short term financial commitments, and profitability is the ability of the company to generate earnings compared to relevant costs.
“Our scores in all three of these indicators were in the green, and that is extremely encouraging for the future of our business. It is important for our customers, for our partners, and for our employees to know that we are doing well. We have navigated an incredibly difficulty period of time – one of the most challenging ever. But now it is time for us to push on.
“We are continuing to provide award-winning international removals services for those wishing to lift up their lives and put down roots elsewhere in the world.
“From packing up all their belongings and booking a shipping container, to organising pet transport. moving them into their new pad, and helping them learn about the nuances of their adopted country, there are many logistical processes and personal wellbeing measures to consider – and a host of chances for things to go wrong. That is why it is so important to look for the FAIM quality standard and a rubber stamp showing an excellent financial status.
“This latest report is very welcome, and is wonderful recognition for my colleagues – who have worked tirelessly on behalf of our clients. I would like to thank them for their efforts. They have ensured that John Mason International is in tip top shape and ready to help people start new lives in locations across the globe, now and for many years to come.”
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