By Harry Mottram: The chance to see The 1975 or Olivia Rodrigo for some Glastonbury Festival goers have been kicked into the mud at Worthy Farm after Yurtel went bust. The Wiltshire firm stopped trading in May and it became clear customers who had paid for hospitality tickets and accommodation packages between £10,000 up to £16,500. Checkaco understands that the […]
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Checkaco Consumer News: Soon to be wed couples lose their deposits of thousands of pounds when their wedding venue went bust
By Harry Mottram: A couple who planned on their dream wedding this summer at The Mill at Conder Green in Lancaster have lost their £6,500 deposit when the venue went bust. Nikita Stewart, 30, and her 31-year-old fiancé Jack Smith said they had heard from a friend the hotel appeared to have closed suddenly so they […]
Checkaco Consumer News: Beware transferring cryptocurrency between companies as there is no protection when things go wrong
By Harry Mottram: A classic example of the unregulated Wild West nature of cryptocurrency was highlighted recently by oil engineer worker Tzoni Raykov when he tried to transfer amounts between two accounts. He explained to the BBC that he had held an account with Revolut for several years – using its app to split bills with […]
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 […]
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 […]
What is a County Court Judgment (CCJ)?
County Court Judgments (CCJs) are legal orders that can be issued by a county court in the United Kingdom. They are an important aspect of the legal system and can have significant implications for individuals and businesses. In this article, we’ll delve into what a County Court Judgment (CCJ) is, how it is issued, its […]