cocredo - company credit checks

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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Our Affinity Partner programme: Get rewarded for recommending CoCredo

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 programme ...

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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Supplier of the Year CICM British Credit Awards 2023

CoCredo was delighted to be a finalist at this year’s CICM British Credit Awards 2024, shortlisted in the following category: Supplier of The Year The CICM British Credit Awards aim to honour the outstanding accomplishments of individuals, teams, and organisations in the global credit industry.

February 2024

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Monthly UK company insolvency statistics December 2023

The number of company insolvencies in December 2023 was 2% higher than in December 2022. The Insolvency Service has confirmed that the number of registered company insolvencies in December 2023 was 2,002, which is 2% higher than the same month in the previous year (1,965 in December 2022). This number is higher than the levels seen when the Government support measures were in place in response to the COVID-19 pandemic and is also higher than the pre-pandemic numbers.

January 2024

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Monthly UK company insolvency statistics November 2023

The number of company insolvencies in November 2023 was 21% higher than in November 2022. In their final statistics release for the year, the Insolvency Service confirmed 2,466 registered company insolvencies in November 2023. This figure is 21% higher than last November and 7% higher than the figures recorded in October 2023.

December 2023

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Tips to help businesses avoid being scammed

The research conducted by AAG in 2022 revealed that 39% of UK businesses experienced cyber-attacks, resulting in an average cost of £4200. However, this also highlights the need for businesses to invest in cybersecurity measures and stay updated with the latest security protocols to mitigate these risks.

December 2023

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Christmas 2023 and New Year opening times 2024

As we approach the festive season, we would like to say a BIG thank you for your unwavering support throughout 2023 and are delighted to share our special opening times to make this Christmas season more convenient and enjoyable for our valued customers. 2023 was a remarkable year, thanks to the support of our fabulous customers and corporate partners.

December 2023

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