Hertfordshire Business Expo 2013

We’re delighted to be exhibiting at the biggest business event in Hertfordshire on Tuesday 19^th November at Knebworth Barns, and would love to share it with you.

The Hertfordshire Business EXPO is the county’s most exciting and innovative exhibition, where we will be showcasing [insert your text here – your latest offer or what you will be exhibiting]

As well as Dave Fishwick, millionaire entrepreneur and star of Channel 4’s Documentaries ‘Bank of Dave’ and ‘Secret Millions’ heading up the brilliant business speaker line-up to inspire you to great things, there are some fabulous free Seminars and Networking sessions! From learning the latest sales skills and strategies to crank up your profit, to a geek-free, practical overview of cloud technology, to discovering how to identify and leverage new opportunities in today’s fast-moving world.

Get in quick and reserve your free entry ticket at The HertsEXPO website. Just create an account and book in – you can also book your networking sessions and seminars here too… http://www.hertsexpo.co.uk

There will be over 70 organisations represented at the show, which is hosted in association with The Hertfordshire Business Independent, The Business Club and Knebworth Barns – along with headline sponsors, Hertfordshire Local Enterprise Partnership.

Doors open at 10:00am, with a pre-event Networking Breakfast, featuring guest speaker, Stevenage MP, Stephen McPartland at 8:00am

Tuesday 19^th November 2013 : Knebworth Barns, Knebworth. SG1 2AX  

Registration is free. We’d love you to come and see us there!

OCTOBER OFFER!!!

For One Month Only Creditserve Are Able To Offer Our UK & Irish Unlimited Credit Reporting Package For A Guaranteed Reduction In Annual Subscription of 50% YES 50%!!!

Creditserve will give you unlimited access to business information which includes the following:-

• Unlimited access to online credit reports limited companies in both the UK and Eire.
• Unlimited access to individual directors reports on every director in the UK and Eire.
• Unlimited access to sole trader and partnership reports in the UK and Eire.
• Unlimited access to online monitoring of any UK and Eire limited companies.
• Access to 100 companies house image documents.

However, this is not all... As well as access to our unlimited credit checking facilities you will also have access to our debt recovery department to assist you in recovering any outstanding monies on delinquent debtors on a 'no collection no commission basis'

We can also give you access to the most comprehensive business information in 18 countries throughout Europe and USA. These reports are usually charges at £30 + VAT per report, however with this offer we can give you 10 of these reports for £200 + VAT... Please see the countries our online overseas system covers:-

Belgium, Czech Rep, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Lithuania, Netherlands, Norway, Poland, Slovakia, Spain, Sweden, Switzerland and USA.

If you would like any further information or would like to trial our system please do not hesitate in contacting Martin Brown on 01992 414222 or email martin@creditserve.co.uk or via LinkedIn or Twitter @creditserve

Hertfordshire Business Expo - 19th November 2013

Creditserve Business Information Ltd are very pleased to announce that we are exhibiting at the Hertfordshire Business Expo on the 19th November 2013. 

The exhibition is the perfect place to showcase our new on-line credit reporting system, which enables customers to instantly evaluate their suppliers, customers or competitors credit worthiness.

Creditserve provide credit reports on all UK and Rep of Ireland limited companies and non limited companies, on-line international business information, director database information including credit score and risk analysis, company monitoring and access to Companies House documents. 

Along side Creditserve' business information we are a professional debt recovery agency working on a 'no collection-no commission' basis for our customers. We actively try to recover monies with our tried and tested internal procedures and try to negate the need to 'go legal' therefore saving you time and money. 

Creditserve are also able to offer in-depth consumer credit information allowing companies to carry out detailed consumer credit checks on individuals (Please be aware that you do need consent from the individual as well as the correct data protection licence in place). These reports are used by companies that deal with non limited companies, insurance brokers and independent financial advisers which may need to keep in line with due diligence.

Finally I would like to inform you that you can book free tickets for The Hertfordshire Business Expo via http://www.thehertfordshirebusinessexpo.co.uk/ or should you want to discuss any of our services featured above please either contact Martin on 01992 414222 or martin@creditserve.co.uk. 

New Business Owner? Concerned About Your Credit Limit and Risk Score?

There is no doubt about it, being a business owner in todays financial climate is not easy, sometimes risky, but with the right help I can be very lucrative.

In today's blog I want to advise you that the perception of potential suppliers or customers will definitely make or break your business venture. 

a staggering 88% of businesses fail within the first 12 months of starting, this is truly astounding but to some extent this comes down to being perceived in a bad light by suppliers or customers.

One thing they will be doing before entering into a business relationship with a new business is looking at any financial records available, so for limited companies they will carry out an online credit report, for sole traders or partnerships they will almost certainly look at a consumer report along with trade or bank reference information. 

Now the best thing to do is ensure that if you file any and all information or fill out any application with as much information you can so as to give the perception of transparency. Your suppliers will definitely look at this in a positive manner. 

With this in mind you will need to credit check your suppliers to ensure they are able to fulfil your requirements, so many new businesses are affected by poor supply lines, so do the checks to make sure you don't get caught out.

Creditserve are a provider of quality online credit reports and can cater for any and all requirements so if you would like to view a credit report on a company please feel free to contact us via email sales@creditserve.co.uk or 01992 414222 Or visit our website www.creditserve.co.uk. 

The Four Pillars For A Successful Credit Control

Many thousands of businesses go bust every year simply because they are owed money and can’t juggle the cash flow. Systematic, well planned credit control practises must be put in place right at the start otherwise your company will join the mountain of other failed firms. Checking references, getting credit reports and examining company business information is a sign of strength for a business and lets your customers know you are serious about credit control

1. Get a detailed application form filled out correctly by your potential customer.

So many businesses are in the rush to get orders that they do not do the necessary groundwork when setting up customers, in some instances not even knowing the correct legal entity or billing address. All of these minor details can slow up getting paid on time!

2. Do the necessary credit checks on ALL customers small or large.

When you are looking to supply a customer you need to carry out a credit report, these reports are instantly available through credit reference agencies online and can be purchased on a 'Pay As You Go' basis at under £10 per search or within bundles which can cover you for a years unlimited credit reports. 

In my professional opinion the bundles are the way to go as you get so much more within them.

3. Stick to your credit limit and credit terms.

From the outset you will need to be tough as customers will look to bully or bluff a higher credit limit from you, so stick to your limit! This also happens when it comes to payment with some customers looking to set their own terms of payment. You will need to be firm and not waiver because if you allow them an inch they will no doubt take a mile! 

You could even make a telephone call or send an email gently reminding your customers that payment is due on a certain date, this shows good customer relations but also that you have your finger on the pulse.

4. Don't be afraid to use debt recovery agents to recover outstanding monies owed to you.

This is one step that businesses do not grasp as much as they possibly should. You can utilise the professionalism of an outside debt recovery agency without costing yourself or your company time and lots of money. Any debt recovery agency worth its sort will not charge upfront fees, they simply apply a commission charge if and when they are successful. 

Obviously doing the chasing and sending letters has an expense to yourself so if you are getting nowhere with a delinquent debtor why not pass it on to the agency and let them recover the money for you. 

Usually a good commission rate is between 7 - 12% on any monies recovered, but remember it is your right to add costs and interest to the debt from the date it becomes overdue.

If you would like to know more or have any questions please email me on martin@creditserve.co.uk or follow me on twitter @creditserve

Top 10 Tips For a Secure Business Future!

Creditserve provides an online, affordable and up to date credit checking system which allows you to carry out credit checks on your new and existing customers and/or suppliers to ensure they have the financial means to honour payments/contracts.

Key Features: 

• Instant credit checks online
• Full range of credit reports
• Discounted rates
• Up to date information
• Debt recovery service

Instant credit checks online 

Clients can access Creditserve online credit checking service for instant reports on a company’s or an individual’s credit rating and history.

 

Extensive range of credit reports 

Reports range from in-depth business reports, including full accounts and credit ratings, through to simple registered information, we also offer Companies House documents and monitoring service.

 

Beneficial rates 

We offer extremely cost effective rates for one off credit checks. Regular credit checks should form part of your credit management routine on new customers, defaulting customers and those seeking an increase in their credit limit and therefore an annual subscription is often the most cost effective way to credit check your customers and suppliers.

 

Up to date information 

Our range of credit reports are updated on a live feed to ensure they include the most recent and accurate information.

 

Debt Recovery Service

Creditserve also offer this back up service to the online credit reporting and work on a no collection no commission basis. We work on all cases on pre legal basis and add costs and interests to the debt value which you are entitled to from the time the debt becomes overdue.

 

Crucial Top 10 tips for all credit control departments:- 
1. Always perform credit checks to ensure you know your customer 
2. Get your customer to complete a credit application form 
3. Wherever possible obtain a personal guarantee from company directors 
4. Get a signed contract incorporating your terms and conditions 
5. Give your customer a credit limit and review this regularly 
6. Invoice on time and ensure details are accurate 
7. Phone your customers before payments are due to ensure there are no queries 
8. Send monthly statements 
9. Use properly drafted collection letters 
10. Consider outsourcing your non paying accounts to a reputable debt collection agency like Creditserve Collections

If you would like any further information please feel free to contact me on 01992 414222 or emailmartin@creditserve.co.uk LinkedIn Martin Brown or follow on Twitter @creditserve

UK company credit checks & company credit reports available online

UK company credit checks & company credit checks online

Our Online UK Company Credit Reports offer Company Credit Reports on UK Ltd & Plc Companies and they provide all the information required for Credit Checking UK Companies.   You can obtain a Company Credit Report by using the UK Company search facility on either our home page or Online shop page.  In addition to Company Credit Reports we also offer these other services:

UK Company Credit Reports - Credit Reports Online

• UK Company Credit Reports including UK Limited company credit reports online and online company searches for Credit Checking UK Ltd Companies. 
• Plc company credit reports and company searches for Credit Checking UK Plc Companies
• Non Limited company credit reports on sole traders and partnership businesses for Credit checking UK Non Ltd Businesses.

UK Company Director Reports

• Individual detailed director reports for Credit Checking UK Company Directors

Company Monitoring on UK Companies:

• Online monitoring for monitoring changes to UK Company Credit Reports including Credit Ratings and Credit Limits

Ltd Company Accounts / Limited Company Accounts / Company Accounts

• UK Companies house documents for Company Financial information including Annual Accounts and Annual Returns. 

Company Credit Reports online:

We are able to offer full online UK business credit repors & company credit reports on limited companies or sole traders and partnerships on Companies all over the UK including England, Northern Ireland, Scotland and Wales.  A Company Credit report, Business Credit Report or Company Credit Check via our Online Company Credit Report Search facility on a UK Limited or Plc company will provide you with the following Company Credit & Financial information:-

• Full UK company incorporation details
• Details of individual directors and shareholders including other directorships in other companies
• Details of the companies mortgages and charges
• Five years of financial information (where available), including Profit and loss (where available) and Balance sheet.
• Legal notices
• County Court Judgment information andHigh Court Writ Information
• Up-to-date and historic credit limit
• Up-to-date and historic Credit Rating Risk Score 
• Options to monitor the company for email alert updates

Online Business Credit Reports on UK Sole Trader or Partnership Businesses

An online credit check for a UK business credit report on a non-limited business, sole traders and partnership in the UK will confirm the following information:-

• Confirmation of Sole Trader or Partnership ownership details
• Length of time the Sole Trader or Partnership business has been trading
• County Court Judgment / CCJ Search
• Non Ltd Business Credit limit
• Non Ltd Business Credit Rating / Risk score

Online Company Credit Report Searching:

Please click on our home page or online business or company & director credit report shop to perform the company credit report search for the UK company credit report or Irish company credit report or  UK & Irish director report that you require.

Company & Business Credit Report Info:

When you are searching limited companies for a UK company business credit report you are required to enter the company name or company registered number on the UK Ltd or Plc Company in order to get to the company credit report that you require. 

If you need more assistance in obtaining our pay as you go Business Credit Reports, Company Credit Reports or Company Director credit reports please go to our Help & Support section.

UK Company Credit Report Cost:

Our UK Company Credit reports cost £9.95 on a pay as you go basis or you can subscribe to one of our discounted Credit Report packages. 

Why Carry Out Company Credit Checks

Doing business in the current environment is difficult enough without having to worry about getting paid. For non-retail businesses, where credit is expected by wholesale customers, there is nothing worse than providing goods and services only to end up with a bad debt.

For new customers, it is good business practice to carry out a company credit check to try and get some indication that the company with whom you will be dealing will be able to pay your bill. Whilst such a check is no guarantee of payment, a company credit check with a credit score provides some degree of comfort.

Even with existing customers, it is good practice to regularly check their credit worthiness as part of your credit control system. Diarising regular business credit checks is an important process for every business, however monitoring systems are used to do this automatically for you. It is a system that once you have added your desired companies will send details of any changes via email at the time change occurs.

Even if the businesses that you are dealing with do not leave you with a bad debt, delayed payments can cause almost as many problems particularly in an environment of limited finance. Additionally, it can of course cost you time and money in chasing outstanding amounts.

Every business should have a clear system to deal with credit risk and should involve credit limits, procedures for chasing debts, all in line with your terms and conditions of business.

Company credit reports help build such a system.

Creditserve offer differing packages to suit any and all requirements, so please feel free to visit www.creditserve.co.uk to view the differing services we offer.

Online Company credit reports in Republic of Ireland

Information available in an online company credit report on Irish/Republic of Ireland company's

Online company credit reports are available on companies registered in Ireland. These reports are updated on a daily basis and they include the following information:-

• Registration details including registered address, registered number and date of incorporation
• Contact details including website where available
• Credit recommendation and opinion
• Type of company, size and trading status
• Financial data and key ratios, if filed
• Shareholders and share capital
• Full Directors details
• Associated companies and subsidiaries, where applicable
• Public information
• General information

Online company credit reports can be purchased through the online shop available at www.creditserve.co.uk if you wish to buy an online European report from our online shop on a 'pay as you go' basis please click Online Shop.

We can also provide discounted packages of online European reports if you would like to purchase a package of European online reports please click Discounted pack of 10 online European reports.

For all other online services including consumer reports, Anti money laundering reports, debt collection services please refer to Creditserve Business Information Ltd website www.creditserve.co.uk.

Do You Want To Know Your Company Credit Score And Credit Limit?

Being a business owner or principle you will know the day to day operations of your company better than anyone else, however do you know what your customers or suppliers are seeing when they carry out a credit report?

So many companies are preoccupied with how they view themselves rather than how their customers and suppliers do. Be sure about one thing, that your customers and suppliers will be looking at your company financials and credit limits and credit score before you even know.

Our experience tells us that it is much more beneficial to understand what your company financials look like so you can see where the company needs to improve, what changes to filing need to be made etc. 

So many limited companies allow their accounts to become out of date or overdue therefore reducing any credit limits and risk scoring, this is sometimes unintentional and can be avoided. 

By carrying out a credit report on your own company you can be ahead of the game and ensure you are better prepared if questions are asked of you, again showing a professional manner of business and putting potential business partners at ease. There is nothing worse than speaking to a company principle without them knowing exactly what you need to know.

So what do you get in limited company credit reports? Please see the list below:-

Full UK company incorporation details

Details of individual directors and shareholders including other directorships in other companies

Details of the companies mortgages and charges

Five years of financial information (where available), including Profit and loss (where available) and Balance sheet.

Legal notices

County Court Judgment information and High Court Writ Information

Up-to-date and historic credit limit

Up-to-date and historic Credit Rating Risk Score 

Options to monitor the company for email alert updates

If you would like to view your company report please just visit www.creditserve.co.uk/online-shop and you can search instantly for a credit report on any UK & Republic of Ireland company.

Companies House Documents - Why Not Try Our Cost Effective Packages

Do you require hard copy financial information on UK & Republic of Ireland limited companies?

If the answer is yes then you are probably accessing Companies House direct to obtain this information and paying a price per document.

Well, Creditserve Business Information is not only a credit reference agency who provide detailed credit reporting packages. We also offer packages for hard copy Companies House documents, which is a direct feed from Companies House themselves.

This means that the information is exactly the same and with no 'down time' between sources of information. 

Creditserve can provide all relevant documentation to mirror what Companies House offer, BUT we offer differing packages to include exactly what you require. By doing this we can ensure that you will pay less for the reports whilst maintaining the highest standard of quality.

Alongside our Companies House documents you can also take advantage of our on line limited and non limited company credit reports, director reports, monitoring facility, on line overseas credit reports and debt recovery service to suit your needs.

If you would like any further details of any of the services Creditserve provides I would be happy to discuss these with you. You can contact us on sales@creditserve.co.uk or 01992 414222. Our web address is www.creditserve.co.uk.

Credit Reporting Packages For Any Degree of Usage

Creditserve are pleased to announce that we now offer a truly bespoke service to cater for all individual credit checking requirements.

From the list below you can include or exclude any of the following forms of credit checking to enable you to utilize the system we provide for exactly what you require rather than paying for services that you do not use. 

We provide three degrees of package to ensure you have a varied choice of what you can include in your bespoke package. Our Starter, Intermediate, and Professional packages offer differing amounts of credit reports and services within the respective packages.

In our Starter Package you can choose 3 of the credit checking facilities to suit, with our Intermediate Package you can choose 5 services to suit and with our Professional Package you can choose all 8 services to cover all of your requirements.

So what can you choose from? Have a look through the list below and see what you require:-

ü  Access to 50 online credit reports on all limited companies in both the UK and Ireland.  

ü Access to 50 individual directors reports on every director in both UK and Ireland.

ü Access to 50 companies house image documents. 

ü  Access to 50 sole traders and partnership credit reports.

ü  Access to 50 companies to monitor of any UK & Irish limited companies of your choice. 

ü 5 Debt recovery letters 

ü  5 Online overseas credit reports available in the following countries:- Belgium, Czech Rep, Denmark, Finland, France, Germany, Greece, Iceland, Italy, Lithuania, Malta, Netherlands, Norway, Poland, Slovakia, Spain, Sweden, Switzerland and USA. 

ü Access to 20 Anti Money Laundering Checks (AML Checks Used to Confirm Individuals Residential Address, CCJ & Bankruptcy as well as Consumer Information). 

Price Structure

Our Starter Package is available for a one off subscription of £250 + VAT.

Our Intermediate Package is available for a one off subscription of £500 + VAT.

Our Professional Package is available for a one off subscription of £750 + VAT.

All you need to do to take advantage of this offer is email sales@creditserve.co.uk with your preference and we can arrange to set you up instantly.

If you require a more in-depth quotation we can cater for all requirements to suit, so please feel free to contact us at sales@creditserve.co.uk or on 01992 414222 or please feel free to visit our website www.creditserve.co.uk to view all samples. 

Proactive rather than reactive credit control?

An ability to manage cash flow is crucial to business success, and the control and management of debtors is often a painful task, as a result of manual and repetitive processes. Recent external economic factors resulting from the impacts of a long term global recession, only adds to headaches of a credit control team. An introduction of effective tools to improve the checking and collections processes, is arguably more important today, than at any time in recent history.

Credit controllers are traditionally regarded as an essential element in business to chase late payments, and respond to customer queries. However, why just be reactive in this field when you can be proactive? Proactive businesses are generally regarded as market leaders, and those who are reactive are more likely to be ‘me too’, or market followers. The traditional style of credit control is a purely reactive process. You wait for non payment, and chase. Just because that is the way it has been done, does not mean that is the way it should work in the future. There is a better way.

Creditserve Business Reports are now available which can help manage credit checking and risk analysis, through to assisting debt recoveries prior to 'going legal'. 

By proactively checking your customer at various points in their 'life cycle', rather than simply awaiting non payment. 

Throughout all phases, every event or process is tracked through credit controller’s work flow with in-built monitoring procedures and excellent supporting management reporting. This allows the credit controller to be freed from the everyday, and time to concentrate on really exceptional cases.

A major benefit of this pro-active approach is that the relationship between credit control team and the customer becomes positive. 

Most credit controllers traditionally ring up only to complain that the account is overdue for payment. By actively managing the account, it becomes possible to see any difficulties in advance, and work them out with the customer before they turn into a problem.

If your current processes could be improved using Creditserve Business Reports, why not get in touch using sales@creditserve.co.uk? To find out more about Creditserve Business Information, visit www.creditserve.co.uk and complete an online enquiry form.

How To Carry Out A Business Credit Report.

It can be a little daunting carrying out credit reports and statistics show that not as many companies carry out credit checks on their customers. This blog will explain how easy it is to carry out business credit reports, what you will get within a business credit report and what to look for within one.

Firstly go onto your web browser and enter www.creditserve.co.uk.

Then add the company of your choice, you can search by name, registered number or postcode.

If searching by name you will then receive a list of companies that nearest match your required company and you can select from the list, if you search by registered number you will get an exact match.

You will then be able to click view details and then 'add to basket' the required report.

A copy of the report will then be sent to your email address and you will also receive a set of log in codes to access further reports or revisit the already purchased report.

Within a business credit report you will receive Statutory Information, Risk Score and Credit Limit, Group Structure, Derogatory Information, 5 Years Profit and Loss and Balance Sheet, Director Database Search and Shareholder Information.

If you would like any further assistance and advice relating to business credit reports, consumer credit checks or any business information query then please do not hesitate in contacting us via sales@creditserve.co.uk or 01992 414222. You can also visit us on Twitter @creditserve and LinkedIn Creditserve Business Information Ltd

Anti Money Laundering, What you get in an AML check and how much they cost

Creditserve are pleased to announce that we are now able to provide instant access to Anti Money Laundering (AML) checks.

These AML checks are completely compliant with Anti Money Laundering regulations and the reports can be used for KYC (know your customer) compliance.

The AML report includes the following checks:-

• Name, Address & Date of Birth of Individual
   
• Electoral Roll Confirmation
   
• County Court Judgment , Bankruptcy/Insolvency Search
   
• Address Links
   
• Property Type and Value
   
• Director Database Search
   
• PEP and Sanction Search

As part of the search document verification is available on the following:-

• Passport
   
• Driving Licence
   
• Birth Index
   
• Card AVS
   
• Card Number & Bank Account
   
• National Insurance & NHS Number
   

I am pleased to introduce this new service to you and confirm that if you purchase 25 AML searches for £112.50 + VAT (therefore £4.50 per search) which can be used at your discretion. Standard PAYG prices for these reports are £9.95 + VAT.

If you would like to take us up on this offer please do not hesitate in contacting sales@creditserve.co.uk or calling 01992 414222.

You are still able to purchase one off AML checks via the following link http://www.creditserve.co.uk/Products-and-Services/Consumer-AML.

Kind Regards

Creditserve

Top Tips on How to Effectively Credit Check a Non Limited Business.

Non limited businesses such as sole traders and partnerships have always been an issue for credit managers and business owners to effectively set credit limits.

Knowing where and how to obtain good quality information on sole traders and partnerships can be sometimes a tricky minefield beings that there is no central information centre for filing information. However this blog will help give you some pointers on how to credit check non limited businesses and where to go about doing so.

Firstly, when dealing with Proprietorships or Partnerships always ensure you get a complete application form filled out by the business owner(s). This application form should include trading address and details of the company but also the owner(s) current and previous residential property as well as trade referees. Always ensure that you have their authorisation to carry out credit checks on them as both businesses and individuals.

Secondly, use a credit reference agency such as Creditserve to double check the information given to you by the proprietor/partners and confirm there whether there is any derogatory information registered against them as individuals or the business. There are several ways to confirm the information given is correct, one is to carry out a business report on the company and the second would be to carry out a consumer credit check on the proprietor/partners at their residential address(es).

The third option is to request a fully in-depth credit report which includes all of the above plus much more, Creditserve are the only provider of bespoke credit reports in the UK and are recognised by all the major credit insurers and provide their credit information to a multitude of blue chip organisations both in the UK and Worldwide.

Creditserve also offer online business credit reports, consumer credit reports, AML (Anti-Money Laundering) credit reports, online overseas credit reports and in house debt recovery services.

If you would like any further information on any of our services please visit www.creditserve.co.uk or email sales@creditserve.co.uk or call 01992 414222.

Overseas Credit Checking by Creditserve

INTERNATIONAL COMPANY CREDIT CHECKING

We realize that it is important to understand your customers credit rating no matter where they are operating from in the world and at Creditserve we give you the ability to obtain credit reports on these customers or suppliers via our system.

Customers can now obtain credit reports on companies in 18 countries, instantly available online via http://www.creditserve.co.uk/Products-and-Services/Online-overseas-company-search however we also offer a service to cater for customers who require credit reports in other regions worldwide.

Our online overseas system gives you instant access to credit reports in the following countries:- Belgium, Czech Rep, Denmark, Finland, France, Germany, Greece, Iceland, Italy, Lithuania, Malta, Netherlands, Norway, Poland, Slovakia, Spain, Sweden, Switzerland and USA.

I can confirm that we offer our online overseas credit reports on a pay as you go basis for £30 + VAT per search available via http://www.creditserve.co.uk/Online-Shop or you can take advantage of our current offer of 10 reports for £200 + VAT saving £100!! 

Our offline credit reporting system is a very good way of obtaining the most up to date company information on any business in the world. There is a time delay due to the respective investigations that have to be carried out and this depends on what country you are searching.

How To Credit Check Non Limited Companies, Sole Traders and Partnerships

It has always been a risky business supplying Proprietorship or Partnerships on credit terms, with very little information available online due to the fact that this business entity does not have any filing regulations.

The first advice I would give is to have a full application form specific to this type of business, which would ask for pertinent information such as all owners full names, dates of births, residential addresses along with the standard questions relating to the business. 

So many businesses do not have the correct internal procedures in place to correctly credit check let alone collect any outstanding monies from sole proprietors or partnerships and often find that the information they originally gathered is either incorrect or out of date and has changed.

Did you know that Proprietor and Partnership business owners are jointly and severally liable for any debt so therefore you can recover any debt with one or all of the Partners within the business.

Creditserve are the only UK company who can provide Bespoke Credit Reports which give up to date business and consumer information on any non limited business in the UK and Rep of Ireland. These reports include business details such as trading address, activity information, date of establishment, other trading addresses & tenure, other business interests, business CCJ information, full ownership names and dates of births, electoral roll confirmation, CCJ and Bankruptcy searches, trade references and recommendation.

We are the only credit reference agency in the UK with the ability to provide these reports and also provide them to many of the largest blue chip organisations along with the main credit insurance agencies.

These bespoke credit reports are beneficial to all forms of company especially those whose main customer base is sole traders and partnerships as well as new limited companies. Companies in wholesale and distribution, manufacturing, transport, export and import, insurance brokers are just a few industry types. 

If you would like to know more about these reports please feel free to contact us direct on 01992 414222 or email sales@creditserve.co.uk or if you would rather please visit http://www.creditserve.co.uk/Products-and-Services/Bespoke-Sole-Trader-Reports to view samples.

We can offer these reports on a pay as you go basis or in bulk at reduced prices depending on the requirement. 

The Full Cost Of NOT Credit Checking?

How do you measure the benefits of using online credit reference agencies?

A staggering 70% of UK businesses do not credit check their customers, some of this is down to business owners not wanting to incur the costs of credit checking...But honestly and truthfully a business owner can only really see the benefit of credit checking if they do not use and agency and obtain late or no payers and Its too late! 

Nowadays credit checks are very easy to understand, very cost effective and most importantly up to date. They are integral in running a fully functioning credit control department. 

Not being able to credit check doesn't just put you at risk of bad debt but also poor supply chain. And the money spent on credit checking is almost always less than a companies annual debt recovery costs!!

Creditserve offer three different packages with regards to credit checking Gold, Silver and Bronze. 

Our Gold Package includes unlimited UK & Irish limited and non limited company credit checking, director database, monitoring, Companies House documents, online overseas credit checks, bespoke credit reports and debt recovery on a no collection no commission basis.

Our Silver Package includes all of our online services above at a guaranteed 25% reduction in annual spend.

Our Bronze Package give you access to 50 business credit reports and 10 sets of annual accounts for £89 + VAT.

for any further information please do not hesitate in contacting us direct on sales@creditserve.co.uk or 01992 414222.

Company House Filings relating to UK SIC codes.

This blog is to discuss UK SIC codes beings that more and more recently we have experienced companies either filing under incorrect UK SIC codes within their annual return creating confusion when applying for trade accounts.

Companies House and SIC 2007

The United Kingdom Standard Industrial Classification of Economic Activities (SIC) is used to classify business establishments and other standard units by the type of economic activity in which they are engaged. The new version of these codes (SIC 2007) was adopted by the UK as from 1st January 2008. This Q & A notice explains why we are replacing the SIC 2003 codings with the SIC 2007 codings for companies to use when giving their principal business activity.

1. What is SIC 2007?

It’s the latest version of the Standard Industrial Classification which was last revised in 2003. It’s a numerical classification that Companies House adopted to identify company principal business activities which are required to be stated on the annual return (form AR01) each year. The new classification system was adopted by the UK on 1st January 2008.

2. When did Companies House adopt SIC 2007?

We adopted SIC 2007 from 01 October 2011. Companies are required to change their SIC code to the latest classification (SIC 07) upon filing their annual return with a made up date of 1st October 2011 onwards.

3. What are the changes to Annual Return information required in the Companies Act 2006 (Annual Returns) Regulations 2011?

The new regulations contain changes to shareholder details required on the annual return with made up dates 1st Oct 2011 or later which can be summarised as follows:

For returns made up to 1st October 2011 or later:

a) Companies whose shares have not been at any time admitted to trading on a relevant market must provide a 'full list' of all shareholders on the first annual return following incorporation; and thereafter on every third annual return. Any details of transfers of shares that have taken place during the year will be required for intervening annual returns

b) Companies any of whose shares have been admitted to trading on a relevant market, must provide the names and addresses of shareholders who hold 5% or more of the company’s issued share capital as at the made up date of the return every year. The Regulations remove the requirement for a full list every third year and details of transfers of shares that have taken place to be shown on intervening annual returns

c) Companies any of whose shares have been admitted to trading on a relevant market throughout the return period and who were subject to the Vote Holder and Issuer Notification Rules contained in Chapter 5 of the Disclosure and Transparency Rules source book issued by the Financial Services Authority (DTR5) throughout the return period; shareholder details do not have to be provided. Since September 2010 all major shareholder notifications required under DTR have been available online on the National Storage Mechanism ; this means that there is no longer a significant public interest in Companies House holding historic information on the holdings of major shareholders of companies subject to DTR.

4. Apart from the Annual Return, are there other forms that should be using SIC 2007 after 01 October 2011?

The new SIC 2007 codes should also be used on the following forms; SE FM01, SE FM02, SE FM03, SE FM04, SE FM05, SE TR02, and SE TR03

5. Where can I get more information about SIC 2007?

The website of the Office for National Statistics

Alternatively contact ONS by email: classifications.helpdesk@ons.gov.uk

Please feel free to contact us relating any company filings whatsoever as we can provide up to date hard copy filings direct from Companies House either on a PAYG basis or within packages via www.creditserve.co.uk. 01992 414222

Creditserve Credit Checking and Business Information News, Offers and Events

April 2013 has seen a swift increase in company credit checking with many more companies feeling the need to carry out credit reports on both prospective customers and suppliers alike.

We are pleased to welcome the many new customers who are taking up the offer of unlimited company credit checks, with the back up of consumer credit reports, overseas credit reports, companies house documents, IDU checks and debt recovery.

We have seen, blogged and tweeted about many of the financial milestones and news throughout the month and if you would like to subscribe to receiving this blog then please follow, or you can follow us on Twitter,  Facebook or LinkedIn and receive the latest news, offers and handy hints to anything financial.

In this blog I would like to take this opportunity to offer you a no obligation free trial of our system where you can make use of our credit checking facilities to ensure you are getting the best product, services and prices in the market place.

We offer our Unlimited online UK and Eire credit reporting silver package and can guarantee to reduce your annual subscription by 25%!!!

Please feel free to contact me direct on sales@creditserve.co.uk or 01992 414222 or please visit www.creditserve.co.uk. 

Polish Company Information Filing Requirements

Please feel free to view the blog below written by Creditserve Business Information Ltd relating to Polish Business Credit Reports-

http://www.creditserve.co.uk/Media-Centre/Blog/April-2013/Online-credit-reports-on-companies-in-Poland


If you need any further help please contact me direct

martin@creditserve.co.uk / 01992 414222 / LinkedIn / Facebook

Please Do Not Read This:

Please do not read this: 

Marketing specialists now work on the fact that people are inquisitive and cannot refuse a look at something even if the title asks them not to, I mean you are reading this after you we're asked not to aren't you... How very interesting I thought!

Now that I have your attention I wanted to suggest you look at our website www.creditserve.co.uk so you can benefit from the various money saving offers we have relating to our credit checking facilities:-

Creditserve Specials:-

1) 10 Online overseas credit reports throughout Europe and USA for £200 + VAT

2) Unlimited UK & Southern Ireland Limited and Non Ltd online credit checks, including unlimited company monitoring, director database, companies house documents with a guaranteed 25% reduction on your current contract value.

3) 10 Offline freshly  investigated international credit checks anywhere in the world for £750 + VAT

4) In House debt recovery on a no collection no commission basis - no minimum debt value, no age restrictions.

5) 100 consumer credit reports for a one off fee of £500 + VAT.

If you have any questions regarding any or all of these services please feel free to contact me direct on martin@creditserve.co.uk or 01992 414222

LinkedIn Martin Brown or Twitter @creditserve.

What You Need To Know About Bankruptcy - Part 2

Applying for bankruptcy:

You have to ask (petition) the court if you want to be declared bankrupt. They will decide whether or not to allow it. If they do, they will issue a bankruptcy order against you. You will then be officially bankrupt.

Fees:

The fees are:-

• £525 for managing your bankruptcy.
• £175 for court costs, if you are on income support you may not have to pay this - court staff will advise you.

You can pay using cash, postal orders or a building society , bank or solicitors cheque made payable to Her Majesty's Courts & Tribunal Service.

The Court will not accept your petition unless the fees are paid.

Restrictions of bankruptcy:

If you are made bankrupt by the court you have to follow 'bankruptcy restrictions'. This means you can't:-

• borrow more than £500 without telling the lender you are bankrupt.
• act as a director of a company.
• create, manage or promote a company without the court's permission.
• manage a business with a different name without telling people you do business with that you're bankrupt.
• work as an insolvency practitioner (an authorised debt specialist).

How log do the restrictions last and can they be extended?:

• The restrictions usually last for 12 months from the date the court made you bankrupt.
• Bankruptcy restrictions can be extended if you are careless or dishonest behaviour caused bankruptcy. For example, you tried to hide assets or you got credit using false information.
• The Official Receiver will tell you if the restrictions are going to be extended.

For more information relating to bankruptcy or any financial news or blogs either subscribe to this blog, follow me at @creditserve or visit our website www.creditserve.co.uk

What you need to know about Bankruptcy. Part 1

To be made bankrupt, a court has to issue a bankruptcy order against you. This can happen for two reasons:

• you can apply to the court if you're unable to pay debts
• your creditors (the people you owe money to) apply to make you bankrupt if you owe them £750 or more

When you're made bankrupt:

• your assets can be used to pay your debts
• you must follow certain rules called the 'bankruptcy restrictions'
• your name and details will be published on a bankruptcy register called the 'Individual Insolvency Register' (https://www.gov.uk/search-bankruptcy-insolvency-register)
• after 12 months you're usually discharged (freed) from your bankruptcy

For more information regarding bankruptcy, insolvency or debt recovery please feel free to subscribe to this blog or contact us at www.creditserve.co.uk.

Creditserve offer online credit checking on businesses, consumer credit checks and anti money laundering checks to assist when credit checking businesses or individuals and for more information relating to these services please feel free to contact sales@creditserve.co.uk or call on 01992 414222.

Anti Money Laundering and ID Checks Blog

In business you will be dealing with varying types of business entity and therefore there are differing ways to try and ensure you will not be left with bad debt. This blog is to give you an insight as to why carrying out AML (anti money laundering) and ID checks can benefit your company.
 
As we all assume that AML or ID checks are specifically used when carrying out consumer credit checks. However I would like to raise the point of potentially checking the business owners/directors behind a Limited company to ensure they are who they say they are and they are a viable risk in themselves.
 
We have seen a significant rise in fraud in the UK and the AML or ID checks are a very cost effective quick solution to ensuring you are not caught by this potentially damaging form of crime. Please see below what is available in these credit checks:- 

• Instant verification of owner identity
• Confirmation of residential address
• Provides a detailed report for risk assessment
• Identifies insolvent individuals
• Verifies UK and International passports
• Verifies utility bills
• Verifies credit/debit cards
• Verifies bank account
• Verifies land register

Our AML and ID checks are ideal when credit checking sole proprietorship's and partnerships but also very useful when doing due diligence on potential customers. Some of our biggest subscribers of this information are in the financial services sector as well as large wholesale and distribution companies.

We can offer these reports individually through http://www.creditserve.co.uk/Online-Shop/Anti-money-laundering-searches or we can offer vastly reduced prices when a customer has bulk usage requirements.

If you would like any further information regarding this service or if you have any questions in general please do not hesitate in contacting me direct martin@creditserve.co.uk or 01992 414222 @creditservehttp://www.creditserve.co.uk/Products-and-Services/Consumer-AML

Creditserve Online Overseas Credit Checks

Creditserve now offer instantly available online overseas credit checks throughout Europe and USA.

We now offer instant online access to business information throughout Europe and USA through our online shop http://www.creditserve.co.uk/Online-Shop.
 
The countries which we cover are:- 

• Belgium
• Czech Rep
• Denmark
• Finland
• France
• Germany
• Greece
• Iceland
• Ireland
• Italy
• Lithuania
• Malta
• Netherlands
• Norway
• Poland
• Slovakia
• Spain
• Sweden
• Switzerland
• USA 

These reports contain valuable financial and business information to assist in making sound business decisions whether it be taking on new customers or ensuring that your suppliers are viable business partners.
 
The reports throughout Europe include the following: Statutory Information, Address Links, Group Structure, Latest Financial Accounts, Director Information, Credit Limit & Risk Score.

Our online overseas credit reports carry a £30 + VAT charge per report, however we offer significant reductions in price for bulk packages which we are happy to quote for. Please feel free to contact me direct on martin@creditserve.co.uk or call me direct 01992 414222.

http://www.applegate.co.uk/listings/71c8a540872911e29106005056822520.html