What can I expect from an Annual Credit Report?

You may not always wish to have constant monitoring (as is offered by the Company Tracking services) when completing company searches with us. Instead you can choose an annual credit report quickly and whenever you like.

This can be for a variety of reasons. You may think that your business is able to function well enough without constant monitoring of competitors, and you also might not have the resources to react to any changes that the Company Tracker might show.

This is particularly the case for small and medium sizes businesses, in addition to sole traders. Therefore a standard annual credit report is often very appropriate when regular assessment is required – as opposed to constant monitoring. It is also one of the best value Company Search MadeSimple packages.

The Standard Credit report includes the following:

1.  Company Information – The specific company information provided will include name and registration details, incorporation and accounts dates in addition to the trading address and telephone contact details.
2. Ratings & Limit Details – This includes the company’s credit rating score, in addition to credit limits and the dates of said limits.
3. Accounts – A profit and loss assessment and balance sheet in addition to information on capital and reserves going back 3 years.
4. CCJs – Your report will provide details of any active CCJs in addition to their value and the number of writs.
5. Director Information – This report  provides the name, address and personal details of company directors – it also gives details of any recent appointments or changes in the company’s directors.
6. Event History – Any change of directors, shareholder changes, new accounts filed or new board members are detailed here.

The Standard Credit Report is an important package for many businesses who require thorough detail, but not consistent monitoring. There are several different other packages, if you have any other queries please see our extensive list of FAQs for further information.

By Alex Novakovic at MadeSimple – Find Alex on Google+