What are company credit checks used for?Manju Singh
Whether you want to make your company look more appealing to others, or you want more information on another company, you may be interested in getting information by using an online company check. Information includes everything from the most recently filed company accounts, to who is currently involved in the company.
Who uses a company credit check?
Some companies want to see just what their competitors are up to, and a company check is one of the best ways of doing so. A company check allows rivals to get a background of what others in the industry are up to, and an online company report would be the easiest way to get the information they need. This could be anything from a check on their last company accounts, to who is currently running the business.
Predicting a risk to your business, perhaps from a potential client or supplier, is better than taking a chance - this is why checking on a credit rating will come in handy. A credit rating helps you to consider questions such: Are they likely to be able to pay back money owed based on their financial information? You can get information on any profit and losses, and if the company are in arrears by checking a company report for those in question - to help indicate how reliable they may be in business.
Most online company check services offer inexpensive up-to-date information of the company of your choice, which enables you to get the information you need quickly and all in one place. A company credit check is one of the best ways to check CCJs (County Court Judgements), bankruptcy filings, the most recently filed company accounts and even information dating back years prior - and much more!
Would you want to do business with yourself if you could see your company report? A company credit check can be one of the easiest ways to see how others see your company, and whether they would want to do business with you. Using this information, you will be able to see what can be done to change your credit score and what factors you could improve upon.
Are there any other features to a company credit check?
Some people or companies like to purchase company credit checks in bulk if they want to keep in touch with what their competitors are currently doing, or it may be a crucial part of their business in which bulk credit check services can come in handy. Most company check sites offer packages to accommodate bulk buyers, to help save money when buying company reports, especially if you are likely to make repeat purchases.
Take advantage of email alerts - it’s a handy tool most company check sites offer to monitor your company or others, to get the most up-to-date information on a company report. This means you will get an email whenever any obligations such as the company accounts are filed!
Company reports aren’t just limited to UK companies - most company check services offer a international reports service so you are able to keep on top of any business outside the UK without the fuss.