We have now implemented links into the DNA pie charts that are within our credit reports. This was requested by one of our customers and as you know here at CoCredo, we do our best to accommodate customer feedback and we thought that this was a great idea.
DNA portfolios are listed on the home page of the client’s dashboard. Each portfolio is presented with two graphs showing the structure of its content (see image above). One is showing proportions of businesses in the portfolio by risk index and another by credit limit.
The time has come for us to say goodbye to the lovely Natalie, who has been at CoCredo for the last year, covering Gemma on maternity leave in Customer Service.
She has found a wonderful new job to go to in the mental health sector, which is her passion, and we are delighted she has found something within her chosen sector to go to.
Dan has been invited to join Laurie Beagle at this week’s Forums International Coffee morning session to discuss what is happening at the moment within the credit reporting sector.
The event is happening on 2nd June and is aptly named ‘Credit Now,’ Dan will be talking about how the sector is facing many challenges and what has and can be done to help you make vital credit decisions.
We are excited to launch our new podcast Talking Credit. This has been designed to bring you the latest industry stories from credit professionals. Our first recording took place just before lockdown and was with Laurie Beagle and Martyn Brooke from Forums International. In the first part of this interview Dan Hancocks (our MD at CoCredo) discusses the issues surrounding the Late Payment Act, offshoring and the rise in limited companies filing as Micro-entities.
We understand that credit decisions are harder to make than ever before...
We are all swimming in unchartered territory at the moment, and committing to that vital yes or no credit decision is putting many credit departments under significant pressure.
Last month Dan Hancocks (MCICM) enjoyed being the guest speaker at a Zoom event hosted by Chris Sanders FCICM and the CICMQ team.
It was great to see so many customers and fellow industry professionals joining in the discussion. We look forward to working closely with the CICMQ in the future and to attending many more of their sessions over the coming weeks.
Even though most of us are stuck at home right now, it’s never been a better time to blow off those cobwebs and do some spring cleaning.
That includes your business too. If you’ve been wondering whether you should be running company credit reports on the businesses you extend credit to, the answer is…yes!
With business information changing by the minute at the moment, we have found that the Retail Gazette online is a great resource to find the latest information on the high street shops, restaurants and supermarkets. Including those who have gone into administration, trends etc...
The CICM has launched a new guide for credit professionals available on their website.
Sadly the Oxford Children’s Hospital charity golf day has had to be postponed due to the current coronavirus situation. Please see the official message from the OCH below...
As you may well have already guessed, we're postponing the Oxford Children's Hospital Charity Golf Day planned for 12th June at Studley Wood.
Whilst we know that this is very much one of the highlights on many of our calendars each year, having discussed it amongst the hospital team and the golf club, and taking into account the Government's advice, we think it unlikely restrictions will have lifted enough to run the event on the date planned.
What does this mean?
Well, we are going to reschedule it. It's looking like it will now be held in the Autumn of this year. Obviously this is subject to change based on the Government's advice on gatherings, social distancing and all that. But that's what we're aiming for and we're in touch with Ken at Studley Wood about getting a date pencilled in.
In answer to your question about the prizes and money donated, again, this isn't set in stone. Obviously, we'd love it if anything you pledged would remain and we could use it for when we hold the event later in the year. But we also recognise that some have been affected more than others financially during this crisis and you may wish to have your donations refunded.
If you are happy to roll your sponsorship, entrance fees and donations over until the rescheduled event, you do not need to do anything. However, if you would like to contact us about getting a refund, please email us back and provide your phone number and one of the team will call you to discuss how best this can be achieved.
It's been a really tricky decision to take, but an obvious one and we hope you all understand. However, lots of work is going on in the background to ensure that when we all get through the other side of this crisis, we can hold this golf day in support of the Oxford Children's Hospital - which we all hold dearly.
We'll be in touch soon, but until then, keep well.
A statement has been released from Companies House this week, stating that companies now have a 3-month extension to file their accounts. See notice below for full information:
As you are aware, we are continually monitoring the coronavirus (COVID-19) situation and guidelines issued by Public Health England. We have plans in place to protect the welfare of our employees, but also to maintain essential services for all our customers. As a result, we wanted to inform you of two important updates as follows:
Now, more than ever it is vital for you to be keeping a close eye on the companies you are extending credit to. If you don't currently use monitoring, please let us know and we can talk you through the options.
As the current COVID-19 situation worsens, we have made the decision for the CoCredo team to work remotely from home.
We feel that not only does this protect our staff’s health, but it also allows us to carry on with business as usual with a minimal amount of disruption to our customers.
With the heightened sense of uncertainty spreading across the nation, it’s never been more vital to keep a close eye on the businesses you extend credit to.
Many companies globally are feeling the strain in the current economic climate, and the evolving situation around the world could be enough to put some businesses at breaking point.
We aggregate our data from multiple global sources and our monitoring service provides you with daily or weekly notifications of changes to your selected business list. This ensures you are notified of informative updates straight to your inbox, meaning you can react quickly and protect your business from the risk of bad debt.
With information you can trust and the answers you need 24/7, 365 days a year online, you can rely on CoCredo credit reports to offer your business the support it needs.
We are offering you 5 FREE credit reports on any UK company. Contact us on 01494 790600 or email us at firstname.lastname@example.org to find out more. Quote 5FREE. Offer expires 30 April 2020
The date for this year’s Oxford Children's Hospital Charity Golf Day is Friday 12th June, at the beautiful Studley Wood Golf course and registration is now open!
If you haven’t been to this event before we would love to see you there. Grab some colleagues, clients or friends and sign up here.
CoCredo is delighted to have been shortlisted for the Credit Strategy, Women in Credit Awards being held in London this March.
This is the third year these awards have been held and the first year that CoCredo have entered them. We are in the Employer of the Year category alongside some very well-known UK and international businesses.
If this is the case, we’ve caught you just at the right time!
At CoCredo we offer a refreshingly different approach to credit reporting. Our system is so simple to use and gives you all the information you need at the click of a button.
It’s that time of the year when the cheesy cards come out, flowers are double the price and it’s acceptable
to use images of cute dogs in your marketing!
Today, many companies will try to sell you something with a tenuous Valentine’s Day link, so being one to totally jump on the bandwagon here goes...
At CoCredo we have a saying that ‘one is good, two is better.’ Of course, we're talking about our Dual Report (told you it was a tenuous link!).
CoCredo's award-winning Dual Report has been designed to show you two leading credit information providers’ opinions alongside each other in one
easy to read report. This enables you to compare credit limits, risk scores and report data, whilst saving your business both time and money.
If you currently use more than one provider for your credit reports, this product could be your knight in shining armour!
Click here to find out how much our customers love the Dual Report and to watch a short film about how it all works.
We’ve all been there, using a product or service that isn’t fit for purpose…it drives us mad but the thought of swapping or learning a new system fills us with dread.
We’re now well into January and if you’re anything like us here at CoCredo, you may have already broken some of your New Year’s Resolutions! Jane has been at the chocolates, Josh hasn’t made it to the gym and Dan hasn’t had any early nights - you get the picture!
Here’s one resolution we recommend you should aim to start…running business credit checks!
In today's volatile business environment, credit checking the companies you work with is vital. We all saw the loss of some well-known entities last year such as Mothercare, Thomas Cook, Jamie’s Italian and Patisserie Valerie to name but a few; which only goes to prove that no business is safe.
According to the latest research from Pay.uk, (which runs the Bacs Direct Credit and Direct Debit payment services) late payments are affecting the mental health and wellbeing of many small business owners.
We have some lovely news to share with you…our Partner Manager Joanne Day left to have her baby just before Christmas. She gave birth to a healthy baby girl on 28th December and they named her Holly! Both mother and baby are doing well. We even had a visit from Jo and Louise this week where we got to have a little cuddle with the babies.
Here at CoCredo, we are looking forward to getting our glad rags on and attending the British Credit Awards next month. We are delighted to be finalists in the B2B Supplier category and MD Dan Hancocks is shortlisted for Credit Professional of the Year.
It is always a great event to meet with customers and friends within the industry for a catch-up, so if you're going let us know and we will come and say hello!
We may have mentioned (at least 100 times!!) that we were so proud to take home the Credit Information Provider of the Year and Business Lear of the Year awards at last year’s event year. Here’s hoping we are as successful again this time around. Good luck to all the finalists.
As you are probably aware, CoCredo prides itself on its strong partnership with Forums International. Dan was honoured to be invited along to present to the Credit Professionals Forum in Bracknell last week. His talk was titled Credit Information – Under the Microscope.
It only feels like 5 minutes ago that we were talking about last year’s Oxford Children’s Hospital Golf day, but time flies when you’re having fun!
The date for this year’s golf day has been announced and it is on Friday 12th June, at the beautiful Studley Wood Golf course.
2019 was a great year for us at CoCredo. The highlight being winning the coveted CICM Credit Information Provider of the Year award. We made a short film showing you what we got up to.
We hope 2020 is a wonderful year for all our customers.
CoCredo’s MD, Dan Hancocks, has been overwhelmed to find out that he has been nominated as a finalist in this year’s Oxford Hospital’s Annual Awards, in the Charity Supporter of the Year category.
Now in its eighth year, the Annual Staff Recognition Awards provides an opportunity for staff at the hospital to be nominated by colleagues in recognition of their dedication, hard work and outstanding achievements, which exemplify the values of the Trust.
Over 1,600 people were nominated for special recognition this year, across 12 award categories including Doctor of the Year; Nurse/Midwife of the Year; Allied Health Professional/Pharmacist/Healthcare Scientist of the Year and Oxford Charity Supporter of the Year to name but a few.
This month we wanted to highlight the great work of Forums International of which CoCredo are proud Corporate Partners.
Laurie and Lynn who together run Forums International, are highly regarded within the credit industry and bring with them a wealth of knowledge.
MD Dan Hancocks was pleased to be selected to feature in this month's CM Magazine, alongside fellow Think Tank members.
Watch out for it dropping through your letterbox or read it online by logging in to the Members area of the CICM website http://bit.ly/2djq0oL
CoCredo has been blown away by receiving not just one but 4 award nominations this month.
News came this week that we have been shortlisted for 2 awards at the Chartered Institute of Credit Management (British Credit Awards 2020). These awards are the most prestigious awards in the industry, and we are proud to have been nominated every year for the last 8 years. Last year we were honoured to win Credit Information Provider of the Year and Employer of the Year. This year we are in the B2B Supplier category and MD Dan Hancocks is shortlisted for Credit Professional of the Year.
CoCredo is delighted to be a finalist at the SME MK & Buckinghamshire Business Awards 2020 in the Business of the Year (less than 50 Employees) and Service Excellence categories.
We thought we would give you lots of advance notice about our opening hours over the festive season.
Our last working day before the Christmas break will be 24th December, when we will be finishing at 1 pm.
Between Christmas and New Year we will be operating reduced Customer Service. If you have any urgent queries during this time please call 01494 790600 and leave a voicemail and one of the team will get back to you. Alternatively, you can email email@example.com.
We were delighted to be featured in this month's CICM CM Magazine. Read below for the comments from Mike Padmore our Technical Director.
Dan Hancocks chairing the Brexit Debate
At the end of last month, we hosted an AICDP event at Missenden Abbey last week. It was great to see so many of our customers there.
The main focus was on Brexit but we also had a close friend of CoCredo, Richard Osbourn, from Robust speaking about Companies House reform. We also had a speaker from Peak Performance Potential who discussed the 7 Habits of Highly Effective People by Steven Covey.
We are delighted to announce that we are finalists in the Lending Awards being held on 12th November. This is the first time we have entered these particular awards and we are pleased to be listed alongside four other finalists in the 'Best Credit Information Provider' category.
In addition to our "Full" International Reports, we can now offer a "Snapshot" report, which is available within 3 working days. These reports are ideal for customers who need to make a very quick decision on an international company and where time is of the essence.
At CoCredo, we are excited to be hosting the next AICDP (Association of International Credit Directors and Professionals) event at Missenden Abbey. The event is focused on Brexit and will be looking at how prepared Credit Professionals are and what it means for the future. Alongside this, Richard Osborne will be discussing the topic of changes at Companies House, plus we will be looking at the legal side of debt escalation.
It promises to be an insightful day with the chance to network with members of the AICDP, meet the team here at CoCredo and enjoy lunch. After the event, there will be networking drinks with the option to stay overnight (charge applicable) at the Abbey if required. There is also plenty of parking on site.
We are delighted to announce that CoCredo is a finalist in the Credit & Collections Technology Awards 2019, in the Credit Reference and Information Solution category.
Last year our MD Dan Hancocks was honoured to receive the award for Technology Innovator Person of the Year at the same awards, so to discover that we are in the running again this year is fantastic.
Here at CoCredo, we are over the moon to be finalists in the SME National Business Awards 2019 in the Business Innovation category. We are up against 14 other finalists in this category, which is sponsored by the University of Buckingham, so competition will be fierce.
The summary of the award is: "Innovation in your business means doing something new, different, smarter or better that will make a positive difference. Innovation, therefore, ranges from implementing a time-saving office procedure to a brand-new product."
According to a report carried out by the Institute of Fiscal Studies, which analysed HMRC tax records, a fifth of businesses started by Britain’s sole traders don’t survive one year and the majority don’t survive five years. This research was funded by the Office for National Statistics through the Economic Statistics Centre of Excellence (ESCoE) and the Economic and Social Research Council.
Picture: Richard Osbourn, presenting at Forums International earlier this month.
You may remember back in our last newsletter we discussed the campaign group, Robust, and their campaign for greater defences against money laundering and enhanced due diligence checks at Companies House.
Thank you to everyone who contributed towards helping us raise an extraordinary amount of money for the Oxford Children's Hospital at the annual golf day at Studley Golf Course.
The weather on the day was mixed with sunshine and showers throughout but that didn’t dampen the spirits of the golfers who came out to play. We even saw a team show up in matching kilts!
We are proud announce that CoCredo are the latest Corporate Partner to join Forums International supporting credit professionals across the globe. Our MD Dan Hancocks (MCICM) has been a supporter of Forums for a number of years and has decided the time was right to become a Corporate Partner of both the Credit Professional Forums (CPF) and the Senior Management Forum (SMF).
We are proud to announce that CoCredo has joined the AICDP (The Association of International Credit Directors and Professionals) as the UK Corporate Partner.
The AICDP is an organisation for Credit professionals of all levels. It is a membership organisation for Credit Professionals, helping to raise standards and share best practice in the UK, Europe and beyond.
It was great to see our MD Dan featured in this month's Chartered Institute of Credit Management (CICM) CM Magazine, discussing tech that the team here at CoCredo can't do without on a daily basis.
Our Marketing Manager Jane Bray and Corporate Account Manager Joshua Edwards enjoyed a great day at the AFPA Trust Summer Networking & Charity Yacht Event earlier this month where 150 industry professionals met to network and raise funds for charity.
As mentioned in our last newsletter we were due to be celebrating the year anniversary of the Dual Report in May. We, of course, did it in proper CoCredo style, with cake and an offer for all our customers, to discover the benefits of this wonderful product for FREE!!