Below we listed frequently asked questions
Firstly choose CreditWatch Search from the Customer Service >> CreditWatch menu:
Then click Search - if you wish to see all your watched companies then make sure the search field is left blank:
You can download the list of your watched companies to view within Excel:
Firstly click Order History via the Customer Service menu:
Then use the search toolbar to either search for the subject company by name, the reference number you used when you ordered the report, or the date you placed the order:
Then click the Archive button to view your archived report.
If the address does not appear in our report then we advise that you order a Fresh Investigation Level 4 report from within Creditline to find out how the address you have relates to the company.
The original document and covering letter should be addressed to:
The Database Manager,
Graydon UK Limited,
66 College Road,
A credit rating is based upon all of the data taken into consideration by a credit reference agency on a particular trading entity. It is then used to assess the likelihood that credit will be repaid punctually.
Credit reference agencies provide a service that includes an opinion or a recommendation. This opinion is based upon detail that the agency has collated on your company, through public information and their own investigations, such as historical trend analysis, appreciation of the prevalent economic environment and, in some cases, direct contact by telephone.
It is generally accepted that newly established businesses are unlikely to fail in the very short term, usually because they have been started with shareholders capital or finance from a bank. Banks will take security over some or all of the company's assets to cover their exposure for the period of the finance. For unsecured creditors, modest amounts of credit can be offered until such time as a satisfactory trading history has been established or the first years trading accounts are filed.
Firms and partnerships are judged on different criteria from a private limited company, because the principal(s) are personally liable. So, in most cases, a successful trading track record and good supplier relationships will yield the credit required. Certainly for unincorporated businesses, the more information that credit agencies have, the more comprehensive the credit rating will be. They can only derive a meaningful credit rating on information received and validated by their databases.
For companies with limited liability, another set of guidelines apply. Here, the creditor is making a judgement on the viability of a separate legal entity. Usually, they use as much information as is publicly available and, most of the time, they get this information from a recognised credit reference agency.