cocredo - company credit checks

CoCredo launches new Business Credit Monitoring feature

As businesses aim to broaden their reach and operate globally, ensuring their customers and future customers' reliability and authenticity can be challenging. However, companies can confidently navigate the international business landscape with the right strategies and resources and potentially unlock rewarding and successful partnerships.

May 2024

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Monthly company insolvency statistics March 2024

The Insolvency Service has released the latest figures for UK insolvencies in March 2024. In March 2024, the number of registered company insolvencies in England and Wales was 1,815, 17% lower than the figure recorded in the same month in the previous year (2,193 in March 2023). However, it is essential to note that company insolvencies are still significantly higher than those seen during the COVID-19 pandemic and between 2014 and 2019.

May 2024

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What is a Credit Reference Agency?

Maintaining a healthy financial profile is crucial for success in the complex world of business. Whether you're a start-up or an established enterprise, accessing credit can be a game-changer. Credit is an essential aspect of most businesses. However, it comes with a risk of bad debts in cases where goods or services are offered but not paid for.

April 2024

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CoCredo announces the latest winner of ‘High Five’ team Award

Our High Five Awards are designed to recognise team members who have significantly contributed to our business. This recognition is given to those with exceptional passion and drive while playing a crucial role in caring for our customers or enhancing our company's performance. The individuals who work tirelessly behind the scenes play a crucial role in any business's success.

March 2024

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Companies House gets new fraud prevention powers

Companies House is introducing stricter measures to tackle scammers who steal individuals' names and addresses for fraudulent activities. These new and enhanced powers are the most significant change for Companies House in its 180-year history. One of the most significant changes is the introduction of new rules to prevent fraudsters from creating fake companies.

March 2024

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Monthly insolvency statistics February 2024

February 2024 saw 2,102 registered company insolvencies in England and Wales - an increase of 17% compared to the amount registered in 2023. It is also higher than the January 2024 figures and when government support measures were in place in response to the pandemic. Of the 2,102 registered company insolvencies in February 2024: There were 1,707 CVLs - 12% higher than in February 2023;...

March 2024

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Spring Budget 2024: Predictions for UK Business Owners

The Spring Budget, scheduled for 6 March 2024, is a critical event for businesses in the UK. As the economy is still grappling with the aftermath of the COVID pandemic and facing ongoing trading challenges due to Brexit, the decisions taken by the government will have far-reaching implications for businesses of all sizes and sectors.

February 2024

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Why should my business use a Credit Reference Agency?

Businesses use credit referencing agencies for several reasons, primarily to assess the creditworthiness of individuals or other businesses. A Credit Reference Agency (CRA) is a third-party organisation that gathers and preserves data about a company's credit history and financial practices. This data is then used to evaluate the business's creditworthiness and calculate business credit scores.

February 2024

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Monthly UK company insolvency statistics January 2024

The number of company insolvencies in January 2024 against a confirmed recession and continuing high interest rates was 5% higher than in January 2023. The number of registered company insolvencies in January 2024 was 1,769, 5% higher than in the same month in the previous year (1,685 in January 2023), which was higher than levels seen while the Government support measures were in place in response to the coronavirus and higher than pre-pandemic numbers.

February 2024

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CoCredo Partner Referral Program: Get rewarded

Are you a natural networker with a flair for connecting people and businesses? If so, we have an exciting opportunity for you! We're inviting introducers to join our esteemed community as Affinity Partners, where you can turn your knack for networking into a rewarding venture. Our affinity Partner ...

February 2024

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Elevate Your Side Hustle with our Affinity Partner Programme

If you're a young entrepreneur, perhaps already working as a credit manager, looking for a side hustle that allows you to be independent and work on your terms, then our Affinity Partner programme is precisely what you are looking for. This programme empowers you to turn your network into a revenue-generating powerhouse or participate in regular credit forums, allowing you to be your own boss and work the hours you want.

February 2024

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