Stakeholder & Escrow Services

Selling products using third party distributors or agents has long been one of the most effective and efficient ways of ensuring that a product receives maximum exposure. However, in so doing, organisations which adopt this method of selling often leave themselves open to "exposure" of another kind! Failure to deliver the product by a distributor or agent, who is receiving monies directly from the consumer and not handing them over to the supplier, is a major risk for any supplier.

Citadel's stakeholder service eliminates this risk entirely, whilst still enabling suppliers to sell their goods via third parties. By using Citadel to receive and account for the sales proceeds there are significant benefits for all involved in the sale and purchase process:

1. The distributor or agent is free to do what it does best without having to employ additional staff to deal with receipt, accountability, and distribution of funds.
2. The consumer can proceed with the purchase with confidence, knowing that his funds are protected until such time as he receives the goods.
3. The supplier can conduct its business safe in the knowledge that its reputation will not be tainted due to non-delivery by one of its distributors or agents.

Citadel is highly experienced in receiving and managing funds and operates both on-shore and off-shore bank accounts in the British Isles, which are held under a Declaration of Trust. All funds are received into accounts that are recognised by Citadel Trustees’ bankers as "Client Accounts". This means that they are fully protected against the demise of any of the parties [including Citadel Trustees]. All standard forms of payment are accepted by Citadel Trustees and most currencies can be accommodated. Electronic banking, fully computerised accounting and regular financial reporting ensure an efficient and accurate service. Bind all this together in a simple stakeholder agreement, and you have a watertight solution to the problem of unwanted "exposure"!

If you are a supplier and would like to protect your reputation, boost consumer confidence, and increase sales, contact Citadel today for an informal discussion.