Giving Credit Terms to Foreign Companies : European Credit Reports & Business Information

Does your company deal internationally?

If your company deals with European or International suppliers and/or customers it can often be a treturous proposition, as often you may not realise what is available help minimise the risk of dealing with these companies.

One of the misconceptions is that foreign companies do not file the same degree of information as we do in the UK, this is a potential problem in itself because if you do not try and achieve the best data available you are already leaving your company open to the possibility of bad debt.

European or International credit reports and business information is now available on-line via credit reference agencies such as Creditserve and is often very cost effective and detailed.

European credit reports for the most part contain statutory information, company accounts, derogatory information, group structure, share holder information director information and credit limit and risk score. All of these pieces of information are compiled into a credit report which is easy to read and will help you make a informed credit decision.

The countries which you can obtain on-line credit information are:-

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

The European and International credit reports are often used by UK companies who deal with UK customers but in-turn have parent companies overseas and therefore would need to know group strength as well, as this may have implications on the UK subsidiaries.

The European and International credit reports can be obtained on a pay as you go service or within bulk packages from websites like www.creditserve.co.uk and are very cost effective easy to download.

I have attached a sample European credit report which will give you an insight into the degree of information available within these reports.

If you have any questions relating to European Credit Reports please do not hesitate in contacting me direct via martin@creditserve.co.uk, @creditserve or LinkedIn Martin Brown