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 Our
credit report is available on all analysed companies.
The report provides details which are important assessing
risk. It includes risk scores, together with a credit
and contract limit, any CCJ's, all company directors
and limited accounts information. The sections of the
report are as follows:
- Statutory - details of registered name and address,
date of incorporation, type of accounts filed, accounts
and annual return filing dates, issued capital and
principal activity with the main SIC code.
- Risk information - details of registered name and
address, date of incorporation, type of accounts filed,
accounts and annual return filing dates, issued capital
and principal activity with the main SIC code.
- Accounts - displays an abbreviated profit and loss
and balance sheet for the company for the last three
years.
- Accounts Notes - holds information on items extracted
from the latest set of notes, such as exports, audit
fees, intermediate assets, bank overdraft, and finance
due to directors and group, to name but a few.
- Directors - lists the Company Secretary and all
Directors.
- Filing History - displays every change of name,
all mortgage documents and one of each other filing
type.
Order your credit report now and receive it within
1 hour.
More information about Credit
Reports
Risk Score Calulcation for Credit Reports
A unique predictive scoring model has been developed
in conjunction with Scorex (UK) Ltd aimed at enabling
you to detect those companies at risk of corporate failure
within the next 12 months.
How the risk score is built for the credit report
In developing the risk score, the database is split into two samples, those companies with a turnover above £1 million + and those below. The main reason for this was that it was felt that smaller companies, especially those filing modified company accounts, may well exhibit different characteristics to larger companies. We were keen to develop a performing risk model which took into account all possible influential criteria whatever the size or business activity of the company. To this end, historical data was taken to identify the two sample sets - companies which had become involuntarily insolvent and companies which had continued to trade. Up to ten years worth of financial data was analysed to identify patterns and trends - ratios were compared against industry sectors, and county court judgments and audit qualifications were also taken into account.
Credit limit calculation for Credit Report
The credit limit calculation is linked to a company score by a percentage weighting which is automatically applied to a calculated average of balance sheet and cash flow values. The higher the score the higher the percentage applied. These weightings benefit from the discrimination of the score between good and bad companies. There are some companies that will not have a credit limit attached. These companies will have scored below 15 or alternatively all elements from the balance sheet and cashflow will be negative.
County Court Judgements (CCJ's) for our Credit Report
Information is received from the Registry Trust about County Court Judgments or Scottish Decrees brought against companies for non-payment.
The matching is done on name only and shows exact, probable and possible matches. A judgment must be paid within a month of being issued. If the judgment is paid off within the month it is removed and will not be shown on Company Searches. If the judgment is paid after one month then the details remain on the system but will show the judgment as satisfied.
Company Searches shows the total number of CCJs, the total amount owed and also a cumulative total over 3 month intervals. Details confirming the date, amount, court, case number and reference number are given for the latest 10 judgments.
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