Daily Advanced Company Monitoring

Our Company Alerts include Credit Limits, Credit Ratings
and an assessment of all changes detected.

All Companies in the UK with a limited liability have traditionally been credit checked, by way of purchasing and appraising the company accounts that had been filed at Companies House. Limited Companies have been subject to Company Law for over 150 years, which requires all companies to file their financial accounts at Companies House. All documents filed are treated as information that is in the public domain and available to anyone.

Company Reports

Credit reference agencies also known as credit rating agencies use a company's financial accounts to construct the backbone of a 'Company Report', the accounts information is transcribed into electronic data, which is then subjected to various algorithms to calculate a credit limit and credit rating. Other information included which can affect the limit and rating of a company is; the amount of years a company has been trading, the number of current directors and other directorships they hold, CCJ's (County Court Judgement), the industry in which a company trades, many agencies now also include invoice payment history regarding how often a company pays its invoices within the agreed terms, this data is at best limited to the number of companies who provide such information to the credit reference agencies. Even bad press can also affect a company's credit status. Company reports are no doubt essential when checking a company's current status prior to making any important decisions, but a company's standing can often change very quickly and notification of any important changes immediately as they occur is essential for keeping a tight control on potential credit risks.

Company Monitoring – Company Alerts

With today's technology 'Monitoring a Company' for changes that affect its credit limit and rating has become an essential part of credit control. Once a Company Report has been purchased, we monitor the company for any changes to the Company Report and alert the buyer to the change.

These changes include all aspects of the information which makes up the company report, allowing credit controllers to immediately reconsider a company's credit worthiness upon the detection of any anomalies.

Company Events Monitored

The statutory events and anomalies which are monitored to help predict bad debt and/or fraud include, but are not limited to, the following:

  • Formation of a new company by an existing Director (Potential Phoenix Company)
  • Any Change in Status E.G. From Active to Dormant.
  • Late filing of Annual Accounts.
  • CCJ's (County Court Judgements).
  • Winding Up Petitions.
  • Meeting of Creditors.
  • Appointment of Administrator.
  • Voluntary Arrangements.
  • Dissolution.
  • Change in Credit Limit.
  • Change in Rating/Score.
  • Media Event - Bad Press - Local/National/International.
  • Director or Secretary Resignation.
  • New Board Member(s).
  • Company Name Change.
  • Change of Registered Office.
  • Annual Returns.
  • Filing of Company Annual Accounts

Company Reports