When you’re working with other businesses, you may not always know whether they’re going to pay you on-time. Leaving your business’ cash flow open to risks.
When you run a company credit check, you’ll know all this information before you even start working together.
Other people’s poor credit poses risks to how you do business. Offering credit to a business with a poor credit score, may impact the likelihood that you’ll get paid on time, impacting operations up and down your chain.
If a company you work with has an unpaid CCJ, it’s likely that they owe money elsewhere. This could impact their ability to meet the terms you agreed. Imagine knowing that before sending your first invoice.
Spot early warning signs of late payment or risk of insolvency from your customers and partners to better protect your business. Implement more effective credit control for your business:
Spot risks early from the businesses you work with
Instant risk assessment on up to 20 companies.
3 full company credit checks. For companies up to 2 years old
10 companies with credit checks plus a full credit profile for your own company.
Your full credit profile plus 100 credit checks. Ideal for finance and compliance teams looking for a risk management tool.
Know the credit score of the businesses you work with
Get alerts on changes to their creditworthiness
Monitor your client's payment performance
Get a business credit score consultation with a specialist
Get your business credit score professionally reviewed by Experian and see if you can boost it.
Track and improve your business credit score, get started for free
Get matched with the right lenders for your business with a single search.
See a company’s payment history over 12 months to understand if they typically pay on time.
View the suggested credit limit to set realistic credit terms and know if you’re overextending to a customer.
Check a business’ full credit score, showing how creditworthy they are and the level of risk associated working with them.
Spot any adverse information such as a CCJ registered or a Gazette notice, key indicators that a company is in financial difficulty.
Know exactly who you’re doing business with. View shareholder details, allotted share capital for shareholders and details of the group structure.
Understand revenue trends, profitability, and debt levels to make a strategic decision regarding a new partnership or customer.
Checking a company’s credit score is easy with Capitalise for Business. Simply head to the "Check a company" tab of your account, tell us which company you want to check and we’ll add that company to your list. Click on the company to view their profile or download their credit profile as a PDF. Company checks like this are anonymous.
If you have a free Capitalise for Business plan, you can check if there are credit risks present without paying a penny. By upgrading to a Pro plan, you’ll unlock the full Experian credit profiles of up to 10 customers –as well as a wide range of extra features and benefits – for a monthly subscription of just £24/month (excl VAT). For larger firms, you can acess up to 100 customer credit checks for £59/month with our Enterprise plan.
You can find information about the financial health of the companies you work with to understand whether it’s a risk to work with them. For example, if there’s a chance that they won’t be able to settle invoices. The financial health factors you’ll have access to include:
With Capitalise for Business Pro, you can check your exact business credit score any time you like just by logging into your account (as part of your detailed credit profile). You’ll also get a notification any time your credit score changes. If you have a free Capitalise for Business account, you’ll always know what range your credit score is in. We’ll also tell you whether lenders consider your score low, average or high risk and how that compares to other businesses in your industry.
When you check and monitor a company through Capitalise for Business, you’ll see:
It’s useful to know the credit scores of companies you work with because it tells you a lot about their financial health. If a customer has a high credit score, for example, their finances are in good shape. You’ll know how much credit you can comfortably offer them and feel more confident in their ability to settle invoices.
No, you don’t need permission to credit check a company. We partner with Experian to access credit data on your behalf. Credit checks through Capitalise for Business are anonymous and leave no trace. This means that their rating won’t be affected and your business won’t be linked to the credit check.
There are three credit bureaus for business credit scores, these are Equifax, Experian and Dun and Bradstreet. At Capitalise, we partner with Experian to make it easy for you to check your own business credit profile and check the companies you work with.