For more information about the identeco-RFA credit scoring system, click here.
GOLD: Companies will be healthy and will have traded for a number of years. They will have financially sound accounts, good payment history and few or no legal notices.
SILVER: A stable and healthy company, they will have financially stable accounts, good payment history, and few, if any legal notices.
BRONZE: May not have published accounts or are a newly formed company. If accounts are available they would indicate that this business is an average risk with standard payment history and possible legal notices.
AMBER: Indicates businesses that have passed the lower threshold of the credit score algorithms and are either very new or display some financial, payment or filing characteristics that make them an elevated risk. They should be treated cautiously and all monitoring notices reviewed carefully.
1 RED FLAG: We recommend you monitor the company due to the detrimental data currently against them. They may have good accounts and standard or poor payment history.
2 RED FLAGS: Serious detrimental data has been identified and close monitoring is suggested. They may still have good accounts and standard or poor payment history.
3 RED FLAGS: Serious detrimental data has been detected and a full review of their account status and close monitoring is recommended.
INSOLVENCY FLAG: Company has undergone some form of Insolvency. Please check the full record.
NOT TRADING: This simply indicates that according to information filed at Companies House the company has a non-trading status. Should credit be sought in the name of the company, care should be taken and a full disclosure sought.
DISSOLVED: This company has been dissolved by Companies House and no longer exists. Should you be trading with a company in this name you should 1) review your situation immediately, 2) obtain a full disclosure of affairs before entering into any further transactions and 3) ensure you are trading with the correct company going forward.
BUSINESS DISCONTINUED: This business has been discontinued.
Worrying financial health rating? Need a little more insight into the credit behaviour of your customers? Visit identeco's Account Monitoring page to see how we can put you in the driving seat, making sure you understand your customers financial stability with up to the minute information on changes to your sales ledger. Our automated alerts will allow you to react more quickly to avoid risk should financial ratings change.