So here’s our 4 ways you can use a company credit report effectively – to assist with your decision making:

1. If you are looking for a new supplier – be it a builder for your kitchen extension, or a new hardware support service – how do you know the people you are talking to are telling you the truth.  We know of one case where a woman lost £50,000 (yes really) to a rogue builder.  They took the money as deposit to buy materials – and she never saw them again!   Had she done a company credit report – she’d have seen the CCJs, the negative accounts etc.  It may have made her think twice before parting with her hard earned cash!
2. You’ve put out a tender and you’ve received a number of replies.  That’s good news.  The 200 responses all look like strong candidates for the tender – so how do you make a decision on whom to shortlist.  Organisations in this position are using company credit reports to assist them in separating the wheat from the chafe.  You can set some criteria – and all those that don’t come up to scratch in their company credit report – be it credit rating or whichever criteria you set – you can very simply and quickly begin to drill down to your shortlist. Simple!
3. It’s a joint venture situation – you’ve met, it’s all looking great – there’s terrific synergy between the two solutions – however, there’s a little niggle in the back of your mind and you’re not quite sure why!  To safeguard your brand reputation and customer base, you want to be sure that the people you partner with have the same ethics and good business practice as yourselves.  Of course, you can check out their customer testimonials and get a few references too – but a sure way to make sure everything ‘stands up’ as they say it does – is to use a company credit report.  You’ll be able to check out the Directors as well – and view whether they have any other business interests that you should be aware of prior to signing on the dotted line.  Forewarned is forearmed – and using a company credit report to check out the financial and current history of business – it’s a good way to be prepared for what’s ahead.
4. You’re out for expansion – and looking at winning new business.  You’ve landed a great opportunity to pitch for a sizeable piece of business – so what next?  Well of course, you do the usual research, their website, their competitors – and you get a feel for their landscape.  But what about them and their set up – are they as successful as they would have you believe?  A perfect resource for getting prepared in this situation is again to run a company credit report – the information provides you with financial accounts for up to 5 years – so you can see what’s been happening in their business.  You’ll also find information about their directors – and group structure.  And there might be some unexpected information in there too – who knows.  But best that you do…

Accessing company information has never been more affordable or simpler – Company Searches Made Simple offers packages which start at just £17!  Single reports for one off research from just £1.95 – and if for those that really get into using their company credit reports as part of their business – then there’s an Unlimited Package for just £200 per year.

With the cheapest company credit reports on the market – for all the reasons mentioned above, it really is a no brainer to be checking out businesses, particularly when you can be doing so for so little expense.

Check out the packages and reports at www.companysearchesmadesimple.com today!