Every year, many UK businesses have difficulties obtaining credit from suppliers, banks, investors and so on. Links with old or existing business and inaccurate data held on credit reference agency files are regularly contributory factors. So, Turner Little offer a comprehensive Corporate Correction service aimed at reducing the damaging effects this may have on your business.
Poor credit information such as County Court Judgments (CCJs) and defaults remain on credit files for a minimum of 6 years, regardless of whether the debt has been cleared or not. The business address and even the addresses of officers connected to the business may be blacklisted for credit through no fault of the organisation or officers. Our team of trained professionals endeavour to ensure any past adverse history on your file is minimised to limit the effects on your future prospects.
Our Credit Correction process is made up of three stages:
We will carry out a full search of your business and provide a comprehensive report that may include the following:
- Statutory information held at Companies House
- Company capitalisation details
- Charges and Debentures Registered
- Credit Score and Credit Limit
- Full financial analysis for the past four years
- Auditor details
- Extended company ratio analysis
- Gazette or detrimental information
- Industry comparison
We provide a clear outline of your options and discuss items identified in stage one to establish what action can be taken to remove or amend any damaging items. We will also suggest ways to improve your business’s credit file.
We will take care of your request, keeping you up-to-date at every step.
What are the costs?
|Stages 1 and 2||£125.00 + VAT|
|Stage 3||£35.00 +VAT per item for all items amended or removed.|
The initial process (stages 1 and 2) can usually be completed on a same day basis. Stage 3 can take anywhere from two to six weeks depending upon complexity.