CoCredo

reeves - company credit checks

Understanding a UK credit report

Our UK reports are tabulated for ease of use.

Credit Limit is the amount determined as an acceptable level of credit upon which a supplier might deal with the subject company (total credit exposure). Also, what our data provider believes a company can afford on any given notice.

Contract Limit is a numerical value given as a yardstick for the maximum contact capacity on a single contract over a 12-month period.

Risk Index predicts the likelihood that a company will obtain legal relief from its creditors or cease operations over the next 12-month period. This is marked between 1 – 100, where a 1 represents companies that have the highest probability of financial stress.

Days Beyond Terms is the average number of days beyond the invoice due date that a company pays its bills.

Judgments otherwise known as County Court Judgments or legal events recorded for a company will be shown in red with further details available under the public record tab (Level 3).

Summary will include the relevant details of a company including the company’s address, SIC code (Standard Industrial Classification), operating status and the general details of the company i.e. the registration date. The financial summary will show a summary of the company’s financial performance up to 5 years previous. Two colours are indicated within the financial summary, green showing the increase of revenue and red showing the decrease.

Credit Rating shows the company’s credit and risk index history whereby you see how they have improved or decreased over time.

Also available to view are the main influencing factors that are contributing to the recommended credit limit and risk index score.

Black bullet points – Neutral

Red bullet points – Negative

Green bullet points – Positive

Financials

The latest accounts which have been filed at Companies House will be shown here. Our data provider has a direct feed with Companies House, once received our report will be updated within 2-10 working days.

Payments

Our data provider obtains trade payment data from 3rd parties and use this information to understand how a company pays their trading invoices and experiences within the agreed terms. The later their payments are the higher the days beyond terms will be which will have a negative impact on the report.

Documents

Company documents are available to download from this tab, as long as you are viewing a ‘live’ report.

Public record

Any registered judgments otherwise known as County Court Judgments or legal events which have been satisfied or are still unsatisfied will be shown here. Our data provider has a direct feed with The Gazette, once received our report will be updated within 2-10 working days.

Events

Auditor opinions and historical events of the company will be shown within this tab.

Structure

Where applicable, we will show the legal structure of a company as per the filing at Companies House and branch addresses. We will show secondary SIC codes which may be related to the company (these do not affect a company’s score) only the principal activity SIC will have a bearing on the score.

Management

We will show the current principals as per the filing at Companies House, other companies they are associated with as well as previous principals.

Links

Quick links to various search engines that we believe may be beneficial when carrying out due diligence on a company. Where applicable, we will also show a snapshot of the company’s website.