When your business extends credit accounts to other companies, it's crucial to have access to their historical financial data. Company credit checks serve as a critical step in this process, helping you make informed decisions before offering credit to any organisation.
Complete company credit checks equip you with the necessary insights to make sound financial choices, such as establishing credit limits or even deciding to grant credit. These checks are valuable at all stages—from the initial credit agreement setup and ongoing account monitoring to the termination of the agreement in cases of delinquency.
What you'll uncover from a Credit Check
Company credit checks reveal essential information, such as:
- Historical reliability of the company in managing their credit accounts.
- Current financial stability.
- Outstanding debts pursued by other creditors.
- The company's legal status, which is crucial for initiating recovery action on delinquent accounts.
- This emphasises the importance of conducting initial and regular company credit checks.
Our Credit Check Service
Whether you're entering a new business partnership or seeking to recover owed money from a company or individual, our comprehensive credit check service is at your disposal.
Our credit checks supply an abundance of information about potential clients or business partners, empowering you to make well-informed financial decisions. With our insights, you can accurately assess a company or client's credibility and establish suitable terms for the credit agreement.
Credit Monitoring Service
We also offer monitoring services for companies or individuals with existing credit agreements. These interim checks are an excellent way to reevaluate credit terms if late or missed payments occur.
While we can run credit checks on individuals, most of our assessments focus on businesses. Our standard company credit checks include:
- Company name and registration details.
- Registered office address and trading locations.
- Credit score and limit information.
- Share summaries.
- Director information and addresses.
- Profit & loss data.
- Balance sheet summaries.
- County Court Judgments.
- Mortgages and charges.
- Key industry sector trends.
Get Started with Enigma Investigations Today
Our experienced team is committed to providing accurate, up-to-date, and personalised solutions to help you make informed decisions. Contact us today to learn more about our Credit Check Services.