Why does credit checking matter to your business?
The Federation of Small Business (FSB) predicts 50,000 SMEs fail every year because of late payment. Outstanding payments affect your cash flow, can significantly hurt your business, and therefore being able to plan ahead.
But taking a few minutes to credit check another business can reduce your exposure to risk, and help you make an informed decision about who you do business with.
Our databases can provide you with the information to:
- Evaluate a company’s stability
- Assess whether a firm should be allowed credit
- Check if a company can pay its bills
- Analyse recommended credit and contract limits
- Evaluate risk
- Check County Court Judgement records for six years
Resources:
Creditsafe
The Creditsafe database has information on 4.4 million UK companies. The information within Creditsafe reports is sourced directly from Companies House, The Registry Trust and the London & Edinburgh Gazette.
Available at the Business & IP Centre Manchester
Mint
Credit scores and ratings for the largest 2.4 million UK companies, plus accounts, ratios, activities, ownership and management. Create tailored lists of similar types of companies based on your own information needs, Peer group analysis across industries also available.
Available at Oldham, Stockport, & Tameside libraries.
COBRA also has reports on Credit Control