Tuesday 16 July 2013

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So many limited companies allow their accounts to become out of date or overdue therefore reducing any credit limits and risk scoring, this is sometimes unintentional and can be avoided.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

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