By Harry Mottram: More than a quarter of all self-employed or trader bankruptcies last year were builders or those in construction trades leaving thousands out of pocket losing their deposits for unfinished work on their homes. And they also left employees, suppliers and contractors unpaid when they went bust leaving a hole in hundreds if […]
Author: Harry Mottram
Checkaco Consumer News: Kitchen fitter goes bust as customers lose £50,000 in deposits
By Harry Mottram: Checkaco have condemned the news that a Manchester-based companies took upfront payments from more than 20 customers. In a statement the credit checking firm said: “It is a disgrace that a company can go bust and not return their customers’ money but there is no evidence they even began to fit their […]
Checkaco Consumer News: ‘I fell for the deepfake adverts promising massive profits’ – public warned over fake TikTok, FaceBook and Instagram adverts ‘promoted by BBC celebrities’
By Harry Mottram: If something sounds too good to be true it probably is. Members of the public have fallen for fake adverts supposedly highlighting how BBC celebrities and saying how they’ve made fortunes from investment schemes. Ben Fogle, Zoe Ball and Jeremy Clarkson are some of the names used by scammers to endorse their […]
Startups and Credit: Should You Focus on Building Business Credit First?
Creating a start-up is not all about having a great idea of a product or a service; it also relates to putting up the right financial strategies. Understanding business credit is one of the important factors that most entrepreneurs tend to neglect. It is quite usual for most entrepreneurs to use their card for business […]
Business Credit Score vs Personal Credit Score: What’s the Difference?
Both companies and individuals must engage in risk avoidance by protecting their financial reputation with credit scores. However, when we consider business credit scores against personal credit scores, characteristics that serve a similar purpose are present but some of them are distinctive and affect decisions regarding finances, ability to borrow and well-being in finance. These […]
Unlocking Share Capital Insights: What it Means for UK Company Credit Reports
Making smart business choices involves understanding the details of a company’s finances. One key aspect is share capital, which gives insight into the company’s financial health. In the UK, share capital is vital for assessing a company’s stability, growth potential, and financial transparency. Share Capital: What Is It? Share capital is the total number of […]
Navigating Credit Ratings in the UK Company Credit Reports: What You Need to Know
Understanding credit ratings is crucial for evaluating how financially stable and reliable businesses are. In the UK, company credit reports give valuable insights into a company’s creditworthiness, which is influenced by its financial history, how it pays bills, and any public records like legal filings or bankruptcies. Here’s what you need to know to navigate […]
Cracking the law Analysis of Credit Conditions in UK Company Credit Reports
In business, assessing a company’s fiscal health is critical. Knowing how to estimate credit conditions can help you form informed opinions as a business proprietor, investor, or supplier. Credit conditions give an overview of a company’s creditworthiness, indicating the chance that it’ll satisfy its fiscal scores. This composition will explain the complications of credit conditions […]
Deciphering Financial Data : Understanding Statutory Accounts in UK Credit Reports
All UK firms are legally obligated to maintain statutory accounts, which ensure accountability and openness in financial reporting. These accounts usually contain: Essential Elements to Examine: Balance Sheet Insights:The balance sheet plays an important role in determining the financial condition of a business. The key components to analyze are: Profitability and performance: The profit and […]
How to Check if a Company is Legit in the UK: A Comprehensive Guide
In a world where business transactions are becoming increasingly digital, the need to verify the legitimacy of a company before engaging in any dealings has never been more critical. Whether you’re a consumer, investor, or business owner, ensuring that a company is legitimate is a fundamental step in protecting yourself and making informed decisions. In […]