Company Credit Check

A company credit check helps you make better decisions about your customers and suppliers. It contains credits scores and details like your company financial, payment information, directors and shareholders etc. Complygate's advanced company credit check software can determine the creditworthiness of your business and customers. Looking at the report, you can easily predict the company's future for another 12 months and decide to invest in the same. We provide the most in-depth and accurate credit check by scanning through more than 150 variables, thus making your decision about prospective partners much more effortless.

Companies or individuals must aim to maintain a positive company credit check for faster loans approvals, low-interest rates, and grab better business opportunities. A poor company credit check can lead to a company being denied to credits, hampering its growth.

Company Credit Report

A company credit report reflects a company’s financial life. It lets lenders and other financial institutions have a clear insight into your creditworthiness. It reflects your timely payment cycle and makes you more eligible for loans or mortgages and future investment opportunities.

Company credit reports suggest how suppliers look at your business and prospective ways of improving the company credit score. A good company credit report reflects the sound financial health of the company. People or companies can reply to such companies for credit supply, investments, etc. Alternatively, those companies can get higher amounts for business at low-interest rates. A poor company credit report advises and helps us make informed decisions of not investing with those companies, making your own business risk free.

Companies must regularly check their company credit report to have reasonable control of their business. With our advanced technology, the data is 100% confidential and secure for businesses to use. With Complygate’s company credit report, customers or suppliers can be informed of the creditworthiness of other investors, lenders, and competitors.

Company Credit Score

A Company Credit Score gives a clear picture and helps understand a company's credit status. It becomes easy for companies to prove their authenticity through a good credit score.

Complygate highlights a company's creditworthiness in its reports through three different colours: Red - advises caution and requests cash payment, Amber - suggests short payment terms and Green - gives a favourable credit decision. The credit score is also provided on a scale of 1-100. The higher the credit score, the higher is the company's credibility. The score and traffic light colour scheme helps others calculate the probability of a company becoming insolvent within the next 12 months.

Untimely paying utility bills and clearing other invoices can lead to a poor company credit score. It can further be influenced by exceeding the overdraft limit or the number of times credit has been applied.

There is no quick or easy way to fix a company credit score. Companies with a good credit score are financially more responsible, trustworthy for clearing bills and looked upon for future business opportunities. Thus, a company must aim at maintaining a good credit score from the very beginning. This needs to build with time to gain trust and have a stronghold in the market.

Credit Reference Agency

Credit Reference Agencies, or CRA, is an organisation which is approved and regulated by the FCA in the UK that securely keeps and collects information on individual’s financial behaviour. CRA uses the gathered credit history to calculate the credit score when an individual or company applies for credit. There are three leading credit reference agencies in the UK – TransUnion, Equifax and Experian for consumer credit search. Credit Safe Business Solutions Limited, Dun & Bradstreet Limited, Equifax Limited and Experian Limited are the four designated Credit Reference Agencies (CRAs) under the Commercial Credit Data Sharing (CCDS) scheme. These agencies work with various companies and industries, helping them make quick and accurate decisions on sanctioning the grants.

With no Credit Reference Agency involved, companies might become troublesome to gather all desired information individually for each credit application. It could be a long-time taking process with higher chances of fraud, missing important information or getting bad credit history.

A Credit Reference Agency also helps better understand the credit history and improve the credit score. The information collected reflects companies’ reliability, responsibility, increased chances of repayment, and whether the company or individual is worth making investments.

There is no quick or easy way to fix a company credit score. Companies with a good credit score are financially more responsible, trustworthy for clearing bills and looked upon for future business opportunities. Thus, a company must aim at maintaining a good credit score from the very beginning. This needs to build with time to gain trust and have a stronghold in the market.