Next year’s Oxford Children's Hospital Charity Golf Day will be on June 15th, 2018
We’d love to have you join us again next year at Studley Wood. Please make a note of the date and we’ll have more information for you in the new year on the website, on our Facebook page and on Twitter.
Last years event raised over £37,000, and was a fantastic day, bringing the total raised in the last 6 years to over £100,000.
We have plenty of pictures of the day on the website gallery (please get in touch if you'd like hi-res versions), and all the ProTracer videos we captured are also on the website.
If you are interested in getting a team together please let us know and we will put your name down.
We look forward to seeing you in 2018.
Win a bottle of Champagne!
To celebrate our 15th anniversary we have decided to hold a competition for a bit of fun!
Below is a fab picture of our gorgeous team from our anniversary photo shoot that made us all laugh in the office.
Your job is to come up with the best caption to go with the photo...the funnier the better! The winner will be posted a bottle of champers!
We are delighted to announce that this month CoCredo are celebrating 15th years in business!
From its small beginnings in back in 2002, CoCredo is now one of the country’s leading specialists in providing online company credit reports and related business information within the UK and overseas; located in Great Missenden, with offices based within the beautiful Missenden Abbey.
CoCredo were proud to be invited to speak at the CCR conference earlier this month. Tim Wendholt, one of our Affinity Partners, spoke about international credit reporting, data and intelligence.
His presentation highlighted that diligence is key when working with locations outside of the UK. 70% of countries are not deemed low risk by the credit insurance market and corruption is growing. This is leading to credit insurers paying out more claims than ever.
We know that many of you have spoken to our lovely Emma in Customer Services but what you might not know is that she got married at the end of last month! She is now Mrs Irving. So here’s a little peek at how wonderful she looked (and her husband of course!) on the day. She and her husband had a wonderful honeymoon in Mauritius but now she’s back down to earth with a bang, helping to look after all of our lovely customers again! Welcome back Emma!
We’re proud to say that the team at CoCredo are still going strong with our Go Sober for October campaign in aid of Macmillan Cancer Support. So far between us we have gallantly made it through an awards ceremony, a Gala Ball, a 40th birthday and 2 weekends without touching a drop.
Any business owner will be aware that working with other businesses is not always easy, especially when invoices aren’t paid on time. Chasing money is both time consuming and stressful and is an issue that can be avoided if the right measures are put in place from the beginning.
Picture the scenario…you’re in a meeting with a potential client, about to make the sale of the century but you haven’t done your homework on the company. Although you want to sign them up there and then, there is a nagging feeling that you could be taking a huge risk.
A new warning has been issued about the growing risk of a “debt trap” if interest rates around the world stay near zero, which has encouraged borrowing by businesses, governments and consumers.
The Bank for International Settlements highlighted the vulnerability of business, government and consumer finances to interest rate increases in its quarterly report. Claudio Borio, the head of the monetary and economic department noted that since the financial crisis of 2007-08, global debt levels in relation to GDP had continued to go up, raising financial stability risks.
In follow up to our announcement in August, we are delighted to update you that some of our new data feeds are going live from the beginning of October. The first regions to move will be the UK and Europe. More countries will follow throughout October and November. Our technical team have been working tirelessly over the last few months to make sure that the switch over goes smoothly.
Have you heard the news? The team here at CoCredo are ditching the cocktails for capes, because we've signed up to be a Soberheros and Go Sober this October! That means, for 31 days in October, we’re going booze-free; jumping on the wagon; ditching the juice, and any other way you can say 'NO alcohol'!
Here we focus on Corporate Account Manager Lisa Boots
Lisa has been at CoCredo since October 2011 and came from the the PR industry working as an Office Manager. She was also a beauty therapist before that.
We are delighted to announce that we have been shortlisted as a finalist in this year’s CCR Credit Excellence Awards, in the Risk category.
We are thrilled with this outstanding achievement as according to the CCR there were many "very strong applications this year" - so to reach a short-list of only three finalists is even more of an honour.
As mentioned in last month's newsletter, CoCredo have been working on some exciting systems improvements which were due to take place at the end of this month.
In October 2016 we commissioned an on-going independent review of the current market and global data providers available. Based on these findings, we are bringing together a larger number of data sources to offer even better, more predictive reports for our customers with additional features (for both UK and international reporting).
According to official figures released earlier this month, the UK economy grew in line with expectations in the second three months of the year.
The Office for National Statistics (ONS) reported that Britain's GDP grew by 0.3% on a quarterly basis in the three months to the end of June. This in line with the first estimate released last month, which analysts expected to remain unchanged.
Vineesh Madaan from Bluestone Leasing has kindly talked to us about his experiences using CoCredo…
Bluestone Leasing are an award-winning team of service-focused finance and leasing professionals based in Wakefield; they are a long standing and valued customer of CoCredo. Dedicated to their business customers and channel partners they make things simple, move quickly, offer exceptional value and make funding happen where others can't.
There isn't much they haven't financed over the years but they do have some core asset classes where they are seen to be market leaders including technology (including IT and software) and furniture/fit out, or interior projects.
Here we focus on one of our newest members of the team... Josh Edwards.
Josh started CoCredo in May 2017 so is still a newbie. He previously worked in Customer Service with a hint of recruitment thrown in for good measure! He has joined the team as a Corporate Account Manager and is enjoying the CoCredo family vibe in the office. He loves the fact that there is never a dull moment and that he is constantly learning something new. Josh apparently makes a mean banana cake…something we are still waiting to try!
Reports have shown that late payment debt has declined over the last five years from SMEs being owed £30.2 billion decreasing to £14.2 billion. However, according to a study from Bacs Payment Schemes Limited, small businesses in the UK are still facing a bill of over £2 billion having to chase these overdue payments.
At the end of August (date to be announced) we are having a systems improvement. You may have seen in last month’s newsletter that we have been reviewing all suppliers for our business intelligence on a global scale. Instead of us having one single source of core data we are switching to a larger number of sources to offer an even better more rounded product for our customers with additional features (for both UK and international reporting).
We are delighted to welcome back Joanne Day to the CoCredo team. Jo has been on maternity leave since June last year and has come back into the new role of Partner Manager. Her role will involve working with existing partners and looking for new interested parties to join our Affinity Scheme. This programme is a partnership that enables trusted customers to earn a generous commission by introducing successful new business leads to CoCredo.
We are excited to announce that we have partnered with new providers for our Latin America and Asia Pacific Reports. In the past these reports have been presented in a basic 'text' format and one of our key goals was to source the raw data needed in order to produce reports that have the same look and feel that you can currently see in in our Western European reports.
We tested 4 providers and chose the one in each country that we felt offered the best quality data. We carried out a soft launch and the feedback we got from customers was fantastic.
We are looking to roll this out over the next few months for all our international reports from all over the world. We believe that this will ensure we offer our customers the best quality international reports on the market, country by country.
We will continue to look and monitor the best providers in each country in our on-going review. If you have any feedback on these reports please feel free to let us know. We love hearing from you about how we can improve our products and services.
We all understand the importance of running credit reports on companies we wish to do business with. We know that it’s one of the best ways to protect us from bad debt, but how often do we run a check on our own business?
Payment history accounts for part of your credit score - sometimes you may not even be aware that anything is amiss. Late payments can affect your score and in turn how credit decisions (such as loans) are made, this may also dictate whether people choose to do business with you.
29/06/2017: We will shortly be putting live new reports for businesses in Mexico, Thailand, Malaysia, Vietnam, Cambodia, Myanmar , Laos and Afganistan. These will be in a similar format to the reports we currently provide for businesses in Western Europe.
A report has shown that if interest rates rise, even by a small amount, 79,000 of UK businesses say they would be unable to repay their debts – this is according to new research by insolvency and restructuring trade body R3. This figure is almost four times the amount of businesses in the same situation in September 2016.
As of 31st July 2017, we are putting our marketing data service (CoData) on hold whilst we make some important adjustments to the system.
We want to offer our customers the best possible products, and in order to do this we need to carry out some work behind the scenes. We will be integrating new data feeds which will give you greater search functionality and improved outputs once the work is complete. The service will be unavailable for a few months and we will let you know when it is back up and running.
However, before we get to work on the system, we are giving all our customers a fantastic offer on data…
*** Marketing data half price until 31st July 2017***
The CoData marketing lists provide extensive business data including valuable company information containing business names, address details, telephone numbers, email addresses and contact names at a fantastic price.
So, if you were thinking of running a marketing campaign, now could be a great opportunity to get your data for a fraction of the price!
We are pleased to announce that this week we have launched some new updates to our site.
Our system is utilised by thousands of users every day, and we strive to listen to customer feedback and improve our service offering on a very regular basis.
We have put together a new system to handle customer data and references. This data can be viewed as an integral part of the any report to which the data is associated. We have also found that some customers have multiple references or data sets that need to be associated to a single business, so the new references system will now allow for this situation.
Figures released by the Registry Trust this month have revealed that the number of county court judgements (CCJs) against companies in England and Wales has dramatically increased during the first quarter of the year.
Registry Trust is the Registrar of Judgments, Orders and Fines in England and Wales (on behalf of the Ministry of Justice). Additionally, it collects, verifies and publishes judgment information from jurisdictions across the British Isles and Ireland. A judgment is unquestionable proof that debt that hasn’t been managed.
CoCredo were proud to be involved in the Forums International annual golf and archery event held on the 18th May. It was a fantastic day and a great chance to contribute and network with fellow professionals within the industry. The icing on the cake was MD Dan Hancocks being in the winning team for the golf tournament!
We are pleased to welcome new team members, Josh Edwards and Jane Bray to the CoCredo team.
Josh has come from a customer service and recruitment background and is very much looking forward to his new role as Corporate Account Manager.
Jane has worked in Marketing and PR for over 15 years in various sectors including technology, hotels and education and is looking forward to a new challenge as Marketing Manager at CoCredo.
CoCredo has once again been nominated for an award at the Bucks Business Awards. We have been very fortunate to have won at the annual ceremony previously, claiming Small Business of the Year in 2014 and both the Customer Service Team of the Year and Company of the Year in 2015.
Update 21/04/2017 - This year's golf day is already a huge success. All available spaces for teams have been sold and we even have a number of teams waiting in reserve incase anyone drops out. The response to our request for sponsors has also been very successful with most of the sponsorship opportunities now taken up. If you would like to get your brand associated with this event there are just five holes left that are available to sponsor.
Despite the UK's generally strong economy, the rise in wind-ups indicates many businesses still face cash flow difficulties, especially around crucial tax deadlines such as due dates for VAT or corporation tax bills. SMEs (small business enterprises) continue to be impacted, as they struggle to access traditional loans and overdrafts to cover peaks in cash flow. HMRC successfully obtained 2,065 winding-up orders in 2016, as opposed to 1,944 in 2015. When HMRC succeeds in acquiring a winding up order from a court the business concerned is forced to close, and its assets get liquidated to pay any outstanding tax bills.
We are pleased to announce that we are currently looking to grow our successful team and have a vacancy to join the CoCredo family.
CoCredo was founded in 2002 and became a stand-alone company in 2007. We are a market-leading company providing online company credit reports and related business information within the UK and overseas. We have direct feeds from many industry leading providers and can deliver business information on over 256 million companies across 221 countries.
We are always thinking of ways in which we can make our service better and more relevant to the customers that we serve, resulting in some recent improvements being made to our website whereby Managers can now reset the International and Company Documents quota on their CoCredo account themselves.
The duty to report guidance published at the beginning of February states as of 6th April 2017 large companies and limited liability partnerships (LLPs) are required to report their payment experiences twice a year (including the average time it takes to pay supplier invoices).
The new law will apply to all limited companies or LLP that exceed two or more of the below thresholds:
Have you enrolled your business?
Did you know that by not completing you pension duties you are in risk of affecting your credit rating?
By 2018 all employers must provide a workplace pension scheme which is known as ‘automatic enrolment’. This came into action towards the end of 2016 and as of current they are beginning to see the first few employers receiving County Court Judgements (CCJ’s) as they have failed to pay their automatic enrolment fines.
The awards for the CICM British Credit Awards took place on Tuesday 7th February in London.
It was a great event that we got to enjoy with many of our current and future customers.
The team at CoCredo were extremely honoured to have been chosen as a finalist for Credit Provider of the Year 2017, which is the 5th consecutive year.
CoCredo would like to extend our invite to our loyal customers who may be intereseted in joining our Managing Director, Dan Hancocks for the next Credit Professionals Forum (CPF) held by Forms International Ltd on April 11th.
Did you know that the government is launching a new awareness campaign around the national minimum wage? Employers will need to be aware that for younger workers this will be the second compulsory pay rise in six months.
In the last year the government have been able to impose fines of up to 200% of the wages owed of, up to a maximum of £20,000 per employee, with a minimum payment of £100 per employee. If a company fails to comply with the minimum wage then, as well as a fine, the company director may also be banned for up to 15 years. According to figures from the National Audit Office, in 2014/2015 26,000 workers were found to be owed money by their employers, but in 2015/2016 this more than doubled to 58,000 workers.
The team would like to make you all aware of our office opening times over the 2016 festive period so you know how you can get in contact with us.
The office will be closing on Friday 23rd December and re-opening on Tuesday 3rd January 2017 at 9am, whereby we will resume normal service.
As always before agreeing to go into business with another company, its common knowledge that credit checks need to be carried out on both sides to ensure you are aware of each other’s payment behaviours. This will help forecast your own cash flows for the future. There are numerous ways in which you can check the basics on a company for free such as checking their website or conducting a news search.
We are immensely proud to announce that CoCredo has been shortlisted as a finalist for the CICM Awards 2017. We have now achieved this for the last 5 consecutive years, an achievement that is unprecedented in the 'Credit Provider of the Year' category.
CoCredo are proud to announce that we are now a Corporate Partner in support of the Credit Professionals Forum. We look forward to the partnership and working together closely in the future with Forums International Ltd. Please see press release below.
At Forums International we have long established relationships with suppliers and organisations who have not only supported us but those who share common objectives of providing quality benefits to our forum members.
Family run, Final Electrical Solutions specialise in data, electrical and office refurb solutions in and around London and the Home Counties. Established for over 10 years - we aren't a stranger to providing outstanding service and impeccable handiwork.
Emma and I were kindly invited to attend a Customer Meeting with Companies House at The BEIS Conference Centre in London on 18th October. Topics covered throughout the meeting were the implementation of the Small Business Enterprise Act and the effect on company filing requirements, the development of electronic services to file information with Companies House, the replacement of Companies House Direct/Webcheck and use of Companies House Beta site for accessing company information. Emma and I thought it would be beneficial for us to give you an insight of what was discussed.