The company credit score, featured in each business credit report in our global database, is based on a specific scoring model. On a scale of 1 to 100, we present the probability that the analysed business will lose the ability to honour their obligations in time, their invoice payments will begin to exceed the 90-days payment term, or that they will become insolvent or go bankrupt within the nearest 12 months.
Company credit scores are presented in each report as a bar or line chart, coloured according to the ‘traffic lights’ system. The highest scores featuring values closer to 100, meaning very low risk of business failure, are coloured in shades of green. The smallest scores featuring values closer to 0 (zero), meaning high and very high risk level of business failure, are coloured in shades of red.
Each credit report starts with a credit score and risk summary, including a credit limit recommendation and main financial indicators. The business credit report summary is followed by the company profile, historic health, score history, credit limit history, country court judgements (CCJ) exact details and possible results, mortgages and charges, 5 years of in-depth financials (including balance sheet, cash flow statement, profit and loss statement, capital and reserves data), KPIs and ratios, detailed corporate group structure, shareholder information, current and former executives, previous company names (if any), trading addresses, document filings and general company contact info. To note, that the exact structure of the business credit reports may vary by region. For example, for businesses located in offshore jurisdictions access to company data is restricted and a fresh investigation is necessary to collect the required data. Companies that have been recently founded would feature few or no credit history whatsoever, and therefore featured credit data would be limited.
Global Database credit score directory features business credit reports for over 400 million companies across 190+ countries. For each of these companies, over 150 parameters along with economic and industry factors are considered and accounted for to calculate respective credit scores, while specific statistically derived algorithms are applied. Among the factors included in the credit score calculation are credit obligations and repayment history, court judgements, tax liens (when applicable), business longevity, outstanding loans, revenues, assets and many more, as well as industry-related factors, such as repayment performance relative to that of similar companies and industry risk, to name just a few.
We collect our data from a wide range of sources, priding ourselves in the fact that we aggregate the financial company intelligence from official sources only. Be it public filing, our own research or third-party local business credit intelligence provider, we verify all the information and require respective guarantees, so that we stay assured that what we deliver you is the latest and highest quality data available. Credit scores and limits are calculated with specific algorithms, which are reviewed regularly to make sure the models fit the latest technology advances and are adjusted to the latest situation of the market or industry.
Global Database business credit reports and underlying data are updated on a daily basis, almost in real time, guaranteeing that what we deliver you is the latest business credit intelligence available.
Trade payment history is the foundation of any business credit report. The comprehension of a company’s previous credit behaviour may be indicative of payment performance for the nearest future. Combined with customer payment experiences and intelligence about paid and outstanding invoices (classified by 0-30 days, 31-60 days, 61-90 days and 91+ days), payment data allows you to understand whether you are at risk of running into financial problems in case you start or continue a business partnership.
A fresh investigation is the research we need to run when a company’s information is not listed with our database. In this case, we need to find the related official data and, sometimes, reach out to the respective company’s representatives to inquire about that information. A fresh investigation may last between 2 to 10 days, depending on the region where the requested company is located.
In the very most cases, business credit reports are delivered to you immediately upon request. If we do not have the required information, when the company is not yet listed in our database, we will fetch the required data and deliver it to you within 2 to 10 working days (depending on the country or region). We will inform you how much time it will take to fetch that data so that you could set your expectations and plan accordingly.
The credit limits featured in Global Database business credit reports are approved by all leading credit insurers. This makes it possible for you as a policyholder to consider the credit limits mentioned in each report and can be employed with your discretionary policy limit or as per your own credit insurance underwriter advice. Each business credit report features the (company) name of the business’s auditor.