Wednesday, 27 March 2013

Interested in UK, European & International company Information?

If so please visit our Business Information Blog:

http://www.creditserve.co.uk/Media-Centre/Blog

There you will find recent Blog Posts on the following Subject areas:

Creditserve Business Information Blog

Account filing requirements for UK limited companies

Posted: 21 March 2013 This blog looks at the filing requirements for UK limited Companies.
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Credit check potentional new customers

Posted: 13 March 2013 This blog looks at the importance of credit checking potential new customers to ensure that you know who you are doing business with and minimising the risk of being paid late or not at all.
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Company credit checks on Swedish companies

Posted: 06 March 2013 This blog looks at credit information provided in an online company report on Swedish companies. The blog also looks at the accounts filing requirements and different types of companies in Sweden. 
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Online credit checks on companies in Spain

Posted: 28 February 2013 This blog looks at the information provided in a typical company credit check in Spain. Also the different types of companies registered in Spain and the filing requirements.
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Belgian company credit checks and legal obligation to file accounts

Posted: 25 February 2013 This blog looks at credit information available on companies and businesses in Belgium to carry out company credit checks. The blog also looks at the legal requirements to file accounts and determining a company's size.
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Online Italian Company credit reports and account filing requirements

Posted: 20 February 2013 This blog provides details on the online Italian credit reports provided by Creditserve Business Information Ltd along with account filing requirements for Italian companies.
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Different types of businesses and companies in France

Posted: 18 February 2013 This blog looks at the different types of businesses and companies in France. This blog also looks at the credit information available on a an online credit report supplied by creditserve business information Ltd.  
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German company credit reports and their filing requirements

Posted: 12 February 2013 This blog looks at on-line credit reports supplied by Creditserve Business Information on German companies along with the accounts filing requirements and legal obligations.
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Overseas companies registered in UK

Posted: 08 February 2013 This blog looks at the requirement of overseas companies having to register in the UK. The guidance is provided by companies house. 
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Corporate Voluntary Arrangement

Posted: 04 February 2013 This blog is about  corporate voluntary arrangement
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As well as running a business information blog we also have a commercial debt collection blog and a business credit report blog (See side bar).
You can also follow us for similar news and views on Twitter: @Creditserve or @Creditserve1 , Facebook: http://www.facebook.com/#!/CreditserveBusinessCreditReports or on google+.
Google Author "By Matthew Pether"

Why you should credit check your customers


Why you should Credit check your potential or new customers

If you do not know the credit status of your customer, you increase the risk of being paid late or not at all. Prior to supplying goods or services on credit you should know the financial status of the companies you are doing business with. You should start of by obtaining the following information for the potential or new customer:-

New or Potential customer Company details

In each case you should obtain a signed credit application, which is signed by a proprietor, partner or director of the business (not anyone else). The following basic details should be obtained as part of the application:-

  1. Full Company name and address of the business including registered number (if company is limited). Also including other trading names and addresses.
  2. Full names and residential addresses of sole proprietor or partners. They are personally liable for all debts incurred so the residential address should always be obtained.
  3. The correct legal status of the business e.g. Sole trader, partnership or limited company
  4. Names and addresses of at least 2 trade references.
Obtaining written consent
It is important to obtain written consent from the potential customer to carry out credit checks on their business. This is particually important if you are credit checking sole traders and partnerships at their residential addresses. As part of the data protection act you must have a DP licence and the permission of the subject to carry out the credit searches. Normally this consent is obtained by adding a paragraph in the credit application form that credit checks will be carried out on them.

Perform a Company credit check
A company credit check is taken out on the prospective customer to determine if they are creditworthy. A detailed credit report from a credit reference agency, such as Creditserve Business Information Ltd. Our reports provide comprehensive information, which would allow you to make an informed decision about the customer you intend to do business with.
The credit check can be carried out online therefore allowing you to make an instant decision. The online credit check will provide you with a credit opinion and a risk score, which will indicate the likelihood of the business becoming insolvent within the next 12 months.

Creditserve Business Information Ltd can provide one off online company credit checks on a'pay as you go' basis these reports can be obtained via our Online Shop

Google Author: "By Chris York"

Friday, 18 January 2013

Do You Need a Consumer Credit License?


This is an interesting blog about why you may require a Consumer Credit License, what you need to do to get one and the benefits of having one.

Please click below:-

http://www.creditserve.co.uk/Media-Centre/Blog/January-2013-1/Do-you-need-a-consumer-credit-licence

Twitter @creditserve

LinkedIn Chris York

Google Author "By Chris York"

Sunday, 6 January 2013

2013 Commercial Debt Recovery Advice via our Commercial Debt Collection Blog

If you are looking for some commercial debt recovery advice for 2013 then please find an interesting article on our commercial debt collection blog:

http://creditservecommercialdebtcollection.blogspot.co.uk/2013/01/when-considering-what-advice-to-give-in.html

You can also read more about commercial debt collection on our commercial website or alternatively you can call us on 01992 414222.

Google Author "By Chris York"

Thursday, 3 January 2013

Credit application for new accounts

In the 17 years Creditserve has been trading we have on many occasions been asked to assist clients in reviewing their procedures for opening credit accounts on potential new customers.

The starting off point is to obtain a credit application form that needs to be completed and signed by a legal officer of the business, such as a Director for a limited company, sole proprietor or partners for a non limited business. The most important information that should be requested on a credit application form is as follows:-

1. Full name and address of the business
2. Confirmation if the business is a limited company, sole trader or partnership.
3. If the business is a limited company the correct name and company registration number
4. If the business is sole trader or partnership the full name(s) and residential address(es) of the proprietor
   or all of the partners.

As the proprietor/partners are personally liable for the business debt it is imperative that you should obtain the residential addresses.  

5. Within the credit application form their should be a section that is signed by one of the legal officers.
    which is giving consent for credit checks to be carried out now and in the future on both the business 
    and personal checks against the owners of the business.

If you require any additional information regarding credit application forms please contact us http://www.creditserve.co.uk/Contact-Us

Creditserve Business Information ltd also specialise in providing  bespoke credit information on non limited businesses, which are sole traders and partnerships. For more information please visit our website www.creditserve.co.uk

Kind regards

Chris York
Creditserve Business Information Ltd

Google Author "By Chris York"

Wednesday, 19 December 2012

UK Company Filing Regulations

For more about UK company filing regulations please see our Business Credit Reports blog:

http://www.creditservebusinesscreditreports.blogspot.co.uk/2012/12/company-filings-requirements.html

You can also find out more about this and related topics on our corporate website: www.creditserve.co.uk

Google Author "By Matthew Pether"