Company credit rating
Company credit rating – increasing availability
Until recently a company credit rating was not readily available to
most small companies and individuals. As a result very few businesses used a
business company credit rating or indeed any form of credit checking on their
new or existing customers.
However things are now changing, a company credit rating can now be purchased
instantly online and as a result the business community is now slowly waking
up to the benefits of performing cost effective checks on customers and suppliers.
company credit rating – tailored to needs
A basic company credit rating costs around £10
and can be viewed within seconds of making the purchase over
the internet. This means that even the smallest customer
can be checked quickly and affordably. It no longer makes
sense to trade blindly with customers that you have no information
on when assurances and credit ratings are so accessible.
Experts recommend that all customers and major suppliers
are checked using this type of report at least once a year.
When taking on new customers, new contracts or significant changes are experienced
with a customer of supplier then more detailed company credit ratings are available.
These typically contain a number of years of summary accounts, a history of
credit risk scores, details of County Court Judgements, financial analysis
and even industry comparisons. Prices range from around £15 to £35
depending on the amount of information supplied.
Company credit rating – just the beginning
Things don’t stop there. In the information era other valuable
services are becoming available: international company credit ratings on companies
from all corners of the globe, company credit ratings on non-limited businesses
(sole-traders and partnerships) reports showing the directors of companies,
reports showing all directorships of an individual including dissolved businesses.
In the future even more tailoring of information will be available so you only
pay for what you need.
Company Credit Rating is also known as:
credit rating
credit rating uk
uk credit rating
check company credit rating
company credit rating
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