Coaches Round Table

What information can a business credit check offer about a Company's financial health?

Can it provide information on turnover or volume of transactions, or does it just relate to defaulting payments etc? Does how old a company is have any bearing on what information would be available for it?

Public Comments

1. Credit Check at the basic level == record pf payments on loans expressed as a 'score' .. Most Credit Ref. Agencies will also offer a 'premium' report service for a higher fee == go see typical Credit Co. (link below).. NB. Yes, OF COURSE company 'age' counts :-) .. indeed MOST suppliers will not sell you anything on a Credit Account unless the Business has existed (i.e. submitted accounts to Companies House) for at least 3 years ... (the days of setting up a Company overnight, getting all the goods on Credit, selling them quick & then "doing a runner" before the Bailiffs turn up, are long gone :-) )