Knowledge Base

A Firm Choice business credit score, referred to as a “Company Credit Rating” calculates the probability of a company becoming insolvent within the next 12 months. We highlight creditworthiness through our ‘traffic light’ system of credit scoring;

Red                  advises you to be very cautious
Amber             suggests that you negotiate short payment terms
Green              gives you a positive credit decision.

The credit limits that feature within the Company Credit Reports are approved by all leading UK credit insurers. As an approved source, policy holders can use our recommended credit limits and integrate this into their discretionary policy limit or at a level advised by their credit insurance underwriter.

The Firm Choice database is updated in real-time, over 1 million times a day.
Our data is collected from over 200 sources, where possible we will collect information from official registries similar to Companies House. Our network of 16 offices and trusted local partners allow us to collect information locally; ensuring we always deliver high quality, up-to-date information.

Our credit scoring provides a score of 1-100.Your business credit score is calculated using the most sophisticated statistical algorithms available. It considers over 150 parameters, as well as economic and industry factors.