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Our UK Company Credit check 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.

The contract limit is a numerical value given as a yardstick for the maximum contact capacity on a single contract over 12 months.

The 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 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, or 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).

The 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 an overview of the company’s financial performance for up to 5 years. Two colours are indicated within the financial summary, green showing the increase in revenue and red showing the decrease.

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

Also available to view are the main influencing factors that contribute 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 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 uses this information to understand how a company pays its trading invoices and experiences within the agreed terms. The later their payments are, the higher the days beyond terms will be, negatively impacting the report.

Documents

Company documents are available to download from this tab if you view 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 filing of a company's legal structure from a Companies House search 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, and previous principals.

Links

Quick links to various search engines may be beneficial when conducting due diligence on a company. We will also show a snapshot of the company’s website where applicable.

Yes you can, there is a button on the report to convert it to a pdf file as long as you have adobe installed. Please remember that all of our reports are live and generated at the time you run it. Therefore if you refer back to a saved report from a few days or even weeks previously, it may not be an accurate score due to the constant change in a company's position.

The reports are constantly updated. All of the information is on a live feed, so it never becomes stale and is constantly refreshed.

Yes. We have a dedicated Customer Service Team on a non-premium local number (01494) 790600, based at our offices in Buckinghamshire. Our team of highly experienced and friendly consultants will help you with any queries you have about a report.

If you would like to raise a query on a report you can ring our Customer Services Team on (01494) 790600 or email customerservice@cocredo.com and provide them with any information you have on the company you wish to query.

A subsidiary is a corporation that is more than 50 percent owned by another corporation and will have a different legal business name from its parent company. A subsidiary must be either a single location, a headquarters, or a parent. A subsidiary may have branches and/or subsidiaries of its own.

A parent is a corporation that owns more than 50 percent of another corporation. The parent company may also be a subsidiary of another corporation. If the parent also has branches/divisions, then it is also a headquarters. Parents can have both direct and indirect subsidiaries, indirect subsidiaries being those that have another company in between the subsidiary and the parent.

The credit limit shows the total value of goods and / or services the 'average' creditor should have outstanding at any one time with an organisation. It is not necessarily the maximum the organisation can afford. Be aware that it is not advised to extend more than the recommended amount of credit at any one time.

The risk index is calculated using a wide range of information. For a breakdown please contact the Customer Service Team on (01494) 790600 for more details.

The reports are constantly updated. All of the information is on a live feed, so it never becomes stale and is constantly refreshed. Therefore new data will enter the report, and old data will leave it on a regular basis.

Filing requirements at vary between company types, sizes and from country to country. So, for example, smaller limited companies in the UK are only required to file abbreviated accounts. The amount of information filed obviously has a direct impact on the level of detail supplied in the report.

Different companies use different sources of information and have their own formulae in place to calculate credit, and predict business failure. All of the information we provide has been run through a series of complex scoring algorithms in order to calculate the credit score.

Every case is different, for the best advice call our Customer Services Team on (01494) 790 600 and speak to one of our experienced consultants. They will look at your report for you, and highlight the areas that could be improved.

A newly incorporated company could get a credit rating straight away if it files all of the relevant details with Companies House.

A soft credit check, a preliminary review of specific information in your credit report, is crucial in business credit decisions. Companies conduct soft searches to determine the likelihood of your application being approved without scrutinising your credit history. This type of check does not affect your credit score or ability to obtain credit. In the main, business credit checks throughout the industry are all soft, providing you with reassurance and confidence in your credit decisions.

A hard credit check is when a company conducts a comprehensive search of your credit report, with each check recorded. Any company searching your report can see that you’ve applied for credit. Too many hard credit checks over a short period can affect your credit score for six months, potentially reducing your ability to get approved for credit in the future. On the other hand, a complex credit search involves a detailed review of your credit record, which may also impact your credit score and eligibility