Credit Checking a Company

[SpeedBash]

Looking for recommendations on who use.

Also, the company I wish to credit check is newly incorporated (January 2021) - will there be much information to be gleaned about them by running a credit check?

[Al Gorithum]

There'll only be basic info such as date of incorporation, names of Directors and owners etc.

[skwdenyer]

SpeedBash said:

Looking for recommendations on who use.

Also, the company I wish to credit check is newly incorporated (January 2021) - will there be much information to be gleaned about them by running a credit check?

Despite what some providers like to claim, there really is no "magic" to credit checking companies in my experience. Some online services for a fee will search for, say, CCJs, but those only usually kick in rather late in the day. There's hardly any generally-available data out there - when was the last time you reported credit outcomes on your customers to an agency...?

For a company incorporated in January 2021, so with no trading history to speak of, what sort of credit history could they have built up in a month?

Some online services will give you a credit limit and offer insurance to that level; again, that won't apply to a startup.

You're going to have to do old-fashioned due diligence. You could ask for Directors' PGs - if they have any assets

[anonymous-user]

There's no point credit checking a company formed a month ago. Adjust your terms to protect yourself.