check out limited companies

[skyhuck]

Yes but i think there calculations are slightly out.

 

Seemed spot on for my Co.

[Christopher Schroeter]

Check out Barclays!! I struggled to say the number!

[hazzygawa]

Could someone tell me what each of the 4 catergories actually means in simple ànglais?

[wallyward]

Hi

 

Its a good site for getting a bit of insight but wont really give you any information to base a decision on if to trade with them or not. For that you would have to pay out the £10.00 odd charge to get a proper credit report, and be able to understand what its telling you. If you want to deal with a ltd company and want to extend them credit terms on say a 30 day account you need to be confident there good for it.

 

Things to look out for on a proper credit report would be days they pay beyond terms. On the website it tells you assets and liabilities so if they have greater assets than liabilities it may look good, for example if they dont pay and you take them to court it looks like they have assets. What it doasnt tell you is if all those assets are subject to a debenture or charge meaning you wont get your hands on any money from them becasue they are already in hock to someone else if they go pop.

 

A proper credit report will contain a breakdown of the accounts the company has filed for the last 3 years. This will let you see a pattern of improving or worsening performance. A company can look huge with good turnover but if all the assets are in hock to the bank or subject to charges, they have been making a loss for the last 3 years and its been getting bigger each year and they pay 30 days beyond term (so 60 days on a 30 day account) do you really want to give them credit? You may want to ask for a personal guarantee from the owner/director if the sums involved are largish or at least a deposit up front that covers your costs.

 

so sometimes that £10.00 report can save you a lot of heart ache if it all goes wrong!

 

sorry for the long post. I work as a commercial director for a multi million £ T/O company. I love Arbtalk and it was just too tempting not to post when there was at last a subject I have a little knowledge of!

[Sleeches]

Check out Barclays!! I struggled to say the number!

 

Any financial services companies data on here will not be correct as they include fiduciary funds (customer cash) as well as their own.

 

Be aware that the data is 2-3 years out of date and you should look at the proper accounts if you're basing any real decisions on the data as assets are not always what they seem to be and most companies problems are not lack of assets but lack of cashflow and liquidity.

[Pedroski]

Also..... they don't show cash squirrelled away in places. A person we work for owns a limited co, and on paper the limited co looks to be worth not much, with assets being balanced out by liabilities.... yet he recently bought an apartment in a rich arab place, a couple of hundred k on a car and heaps of other stuff. Minted. But still tries to knock money off what he pays us.....