We are preparing to release our new scorecard to Company Check on 7th December. If you monitor a large number of companies we recommend that you check your alert settings to ensure you only receive updates for companies that are still of interest to you.
Why have Company Check changed their scorecard?
Credit Reference Agencies frequently review and update their scorecards with changes in the economic climate and available data. As new information becomes available, we must seize the opportunity to utilise this data and improve predictability further.
We must also be vigilant in tracking marketplace trends and make sure that our predictive models are reflective of current developments. With constant changes to economic, social and political climates, some of the indicators that are predictive of failure today are likely to change in the years to come.
We continually use enhanced scorecards to reflect the current risk factors that have emerged within the local economies. Assessing the entire business population, our score has been refined and confirms what indicators commonly hold for commercial stability, and what is predictive of a company heading into difficulty.