A bit of fun!

Obviously with Mr Franklin endorsing our product I just wanted to inform you that we have an offer on our uk business credit reporting - £350 gets you all of the below:-

Unlimited access to any UK limited company

Unlimited access to over 3 million non limited businesses

Unlimited access to director database information

Access to 200 companies house documents

Unlimited access to company monitoring

Debt recovery on a no collection no commission basis.

Just email martin@creditserve.co.uk or visit www.creditserve.co.uk for more information. You can also follow @creditserve on twitter or Facebook to receive daily updates and offers.

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. 

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.

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

The Corporate Version of Phoenix From The Flames...

In mythology, a phoenix is an immortal bird that, when it dies, bursts into flames and is reborn from its own ashes. "To rise from the ashes of the phoenix" means to make a miraculous comeback.

We are all well versed with the saying 'Phoenix From The Flames', however the meaning has taken new form recently with the corporate world seeing more and more limited companies failing and then resurfacing shortly after under a very similar limited company name, with the same business shareholders and directors!.

Now companies that fail for whatever reason is not new as new statistics tell us that 50% of new businesses do not make their 3rd birthday. This is quite a staggering statistic, however we all know that for whatever reason there will always be businesses that cannot continue to trade.

There are some ways of protecting your company against this form of injustice, one way would be to carry out extensive credit checks prior to dealing with your customers. Credit agencies offer online facilities to obtain instant credit information. These credit reports are generally well detailed with financial accounts, shareholder information and director information, within the director information you will be able to view other limited companies that the respective directors have operated and their current credit limit and status.

These online credit checking agencies provide what is called a monitoring service which will keep you informed via email of any changes which happen to your customers and therefore will keep you up to date with important

Creditserve offers various credit reporting solutions which can assist in making initial credit decisions, maintaining account management through company monitoring, group structure credit reports, director database reports, companies house documents with our professional debt recovery department as a back up to the online credit checking facility we offer.

There are packages to suit any size company or budget and our credit reports are of the highest standard which makes Creditserve one of the fastest growing credit reference agencies in the UK.

If you would like more details on any of our services whatsoever please do not hesitate in contacting us through sales@creditserve.co.uk, LinkedIn Page Creditserve Business Information, twitter@creditserve1 or on 01992 414222

Company Monitoring And The Benefits Of Keeping A Beedy Eye On Your Customers, Competitors and Suppliers

This blog is written to give an insight into the whys and wherefours of monitoring your customers, competitors and suppliers financial information.

In the current financial climate it is wise to carry out the relevant credit checks and run credit reports to ascertain whether you are putting your own company at risk by dealing with potential new clients or suppliers.

However, it is just as important to monitor your new customers and suppliers once you have extended credit terms to them, a company that seems secure at first may indeed see changes to their own business which can directly affect your own.

Below are the reasons for change within companies which can directly affect you:-

Filing of Annual Accounts
Filing of Annual Return
County Court Judgment/ Derogatory Information
Change of Directors
Group Ownership/Shareholders

Company monitoring allows these changes to be sent automatically to you via email on a daily basis so therefore you will receive this information as soon as it is available through a live feed of information. You will be sure that the information sent will be backed up by filed information at Companies House, the registry trust or local gazette.

With this in mind this would mean that a company that has just had some derogatory information filed against them such as a CCJ, you would be in the best position to stop supplying and recover your outstanding monies, therefore negating finding out later on what has happened and potentially being at the bottom of a list of companies chasing their outstanding debts.

It is not always on the negative effect that the monitoring system can be used for, it may be a very helpful procedure when receiving filed accounts information, for instance if a company files a new annual accounts document and their company has grown their need for credit has potentially grown and you can benefit by looking to extend larger levels of credit should the company be worthy.

Credit reference agencies such as Creditserve allow customers to obtain access to monitoring facilities when a subscription is made to their online credit checking facility. These credit checking facilities are best used in an unlimited basis. Creditserve offer unlimited business credit reports on all UK and Irish limited and non limited companies, company monitoring, Companies House documents, director database, online international credit reports as well as consumer credit checking and AML (anti money laundering) checks.

Please feel free to visit www.creditserve.co.uk or follow on twitter @creditserve connect on LinkedIn Martin Brown or email martin@creditserve.co.uk

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 email martin@creditserve.co.uk LinkedIn Martin Brown or follow on Twitter @creditserve

Creditserve Credit Checking Facility/Credit Management Offer For Online Business Information

MARCH MADNESS!!!

For One Month Only Creditserve Are Able To Offer Our UK & IRISH Unlimited Credit Checking Database For A Guaranteed Reduction In Annual Subscription of 50%! Yes, 50%!!!

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

ü Unlimited access to online credit reports on alllimited companies in both the UK and Ireland.

ü Unlimited access to individual directors reportson every director in both UK and Ireland.

ü Unlimited access to companies house imagedocuments.

ü Unlimited access to sole traders andpartnerships in UK.

ü  Unlimitedaccess to online monitoring of any UK & Irish limited companies.

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'. 

ü Debt recovery on a ‘no collection no commissionbasis’

We can also give you access to business information in 18 Countries throughout Europe and inluding the USA. These reports are usually charged at £30 + VAT per report, however with this offer we can give you access to 10 online overseas reports for £200 + VAT... Please see below the countries you can obtain instant online information in:-

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

Creditserve also provides access to consumer credit checking information, however you would require the correct data protection licence to obtain this type of information. Please see below the degree of information available within our consumer reports:-

CONFIRMATION OF NAME & ADDRESS,ELECTORAL ROLL CONFIRMATION, INSOLVENCY SEARCH, COUNTY COURT JUDGMENT SEARCH,ADDRESS LINKS, GEO-DEMOGRAPHIC PROFILE, CONSUMER SEARCH HISTORY, CREDIT SCORE.

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