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AML Compliance

Top 10 AML Red Flags - Expert Roundup

by Niamh Hunter

Businesses need to keep their eyes peeled for Anti-Money Laundering AML red flags but as banking systems become increasingly complex, ...

AML Compliance

Global IDV and Monitoring with Red Flag Alert

by Niamh Hunter

Identity Verification (IDV) refers to the process of confirming that an individual is who they claim to be, typically through verifying ...

AML Compliance

What’s More Important - PEPs or Sanctions?

by Niamh Hunter

For compliance officers within regulated industries, two critical elements often stand at the forefront: Politically Exposed Persons (PEPs) ...

AML Compliance

What Does AML Mean for the Financial Sector?

by Niamh Hunter

Money laundering has long been an issue for economies across the globe, and tackling it is an increasing priority for governments.

AML Compliance

The Different Components of AML

by Niamh Hunter

Anti-Money Laundering (AML) procedures stand as essential safeguards against illicit activities. At the heart of AML lie several crucial ...

AML Compliance

How Red Flag Alert has Transformed AML Technology

by Niamh Hunter

Safeguarding against financial crimes like money laundering is quick, easy, and straightforward with Red Flag Alert.

AML Compliance

Reducing Referrals for Compliance Managers

by Niamh Hunter

Compliance managers play a vital role in mitigating risks by establishing robust policies, conducting audits, and providing training to ...

AML Compliance

The Rise in Global Sanctions - Explained

by Niamh Hunter

As global tensions rise, more and more businesses are turning their attention to their overseas counterparts. The increase in geopolitical ...

AML Compliance

Identified PEPs - What’s Next in Your Audit Trail?

by Niamh Hunter

A Politically Exposed Person (PEP) designation holds significant weight in compliance circles, yet businesses can fall foul to ...

AML Compliance

What is the Financial Action Task Force (FATF)

by Rory Traynor

The Financial Action Task Force (also known by the French name Groupe d’action financière) is a global intergovernmental organisation ...

Insolvency

How Red Flag Alert Detected The Stephens And Stephens Developers Collapse Ten Months Early

by Rory Traynor

On 14th March 2024 the £12.3 million turnover Stephens and Stephens Limited Developers Ltd became the latest high turnover construction ...

Risk

Your Guide to Completing a Companies House Search

by Erin Fogarty

Companies House is the official registrar for company information in the UK and offers a wealth of data, including insights into a ...

AML Compliance

Do You Know the Difference Between KYC and AML?

by Niamh Hunter

Whatever your background and experience in business operations, you’re likely to be aware of the sheer number of acronyms and definitions ...

AML Compliance

Ultimate Beneficial Owner (UBO) vs Persons of Significant Control (PSC)

by Niamh Hunter

Distinguishing between Ultimate Beneficial Owners (UBOs) and Persons of Significant Control (PSCs) is crucial for financial security and ...

AML Compliance

Document Verification - Why is it important?

by Niamh Hunter

As the digital transformation of businesses becomes more common, the need for robust AML measures has evolved into a complex web of ...

AML Compliance

The Importance of AML Onboarding

by Niamh Hunter

AML onboarding is a vital part of modern business but is one that directors and frontline staff alike often look at as an inconvenience.

B2B Data

The Future of Work: How Big Data is Shaping Tomorrow's Industries

by Niamh Hunter

The advent of big data and predictive analytics has sparked a new era of innovation, reshaping industries across the globe.

AML Compliance

Why is AML Supporting Compliance?

by Niamh Hunter

For any regulated business, AML checks are a part of any onboarding process. They’re a necessary step and are vital to maintaining ...

AML Compliance

AML Fine Roundup - 8 of the Biggest Penalties in 2023

by Niamh Hunter

This blog post explores the nuances of AML fines, their consequences, and some of the largest fines ever issued.

B2B Data

How Red Flag Alert Analysis Tools Help You Get More Out Of Your Business

by Rory Traynor

At Red Flag Alert we are passionate about data and how we can empower our customers to do better and safer business. This has led us to be ...

Credit Risk

So You Think You Are Monitoring Correctly

by Niamh Hunter

Ensuring effective monitoring processes is a pivotal aspect of protecting your business and achieving success. It’s something many ...

AML Compliance

Understanding Group Structure & Ultimate Beneficial Ownership (UBO)

by Niamh Hunter

Going beyond the basic understanding of UBOs and group structures begins to shed light on an otherwise confusing and convoluted aspect of ...

Risk

Waiting Weeks for Winding-Up Petitions? Red Flag Alert is the solution

by Niamh Hunter

Winding-up petitions serve as signal of significant financial turmoil and are usually quickly followed by compulsory liquidation.

AML Compliance

The Importance of KYC in Financial Services

by Erin Fogarty

KYC is a process for businesses in the financial sector that verifies customer identity, assesses risks, and monitors transactions to ...

B2B Data

Data Cleansing: The Business Case for a Data Cleanse with Red Flag Alert

by Erin Fogarty

Data quality is crucial for business success, and here at Red Flag Alert, we provide tailored data-cleansing solutions to help businesses ...

AML Compliance

Four Best Practices for Adverse Media Screening with Red Flag Alert

by Erin Fogarty

Financial institutions and corporations face reputational risks when they fail to detect adverse media of Politically Exposed Persons ...

partnerships

Red Flag Alert And Movo Partnership Team Up To Bring Cutting Edge Data To Their Members

by Rory Traynor

We are delighted to announce we have partnered with Movo Partnership to bring cutting edge data, tools and insights to their members and ...

B2B Data

From Data to Pounds - The Ultimate Guide to Monetising Business Data

by Niamh Hunter

Guesswork in business decisions can only lead to wasted resources, diminished success, or even profit loss.

AML Compliance

What is Document Verification and How is it Used for AML Compliance?

by Erin Fogarty

Confirming the identity of a business partner is an importance part of compliance and protecting your business. This involves checking your ...

AML Compliance

What is a Person of Significant Control (PSC) in a Company?

by Erin Fogarty

Understanding what and who a Person of Significant Control (PSC) is within a company is important for any business.

Growth

Unlocking Growth Potential: Red Flag Alert's Revolutionary Growth Score

by Niamh Hunter

Confidence behind key strategic decisions is crucial for any organisation, whether it's global or a local micro-business.

Credit Risk

So you Think you Understand Business Credit Scores?

by Red Flag Alert

Credit scores are a useful tool to enable businesses to assess the creditworthiness of their counterparts. It’s an essential part of most ...

B2B Data

Find Your Top 50 Clients In 50 Seconds With Red Flag Alert

by Rory Traynor

Being able to acquire new clients quickly and efficiently is vital to achieve growth in your business. Unfortunately, this is typically one ...

Data

Data's Visual Power: Revamping Analysis

by Niamh Hunter

The role of data is to empower decision making, but even the most accurate data set is useless if its insights are not easily and quickly ...

Credit Risk

540 Insolvencies Recorded Leaving 2,000 Businesses Affected by Bad Debt

by Niamh Hunter

Red Flag Alert recorded 540 insolvencies in the fourth week of 2024. The ripple effect has left over 2,000 businesses affected by bad debt, ...

Risk

The Hierarchy of Insolvency - Where Are You on the Priority List?

by Niamh Hunter

Business operates on credit and it serves an invaluable economic function. However, it also means that many businesses entire revenue ...

B2B Data

Data Empowerment: How SMEs Can Leverage Big Data for Big Results

by Niamh Hunter

Data Empowerment: How SMEs Can Leverage Big Data for Big Results Big data isn't exclusive to corporate giants. It’s a common misconception ...

B2B Data

Prospecting - The Silver Bullet for Insolvency Risk Mitigation

by Niamh Hunter

Insolvency and bad debt come hand in hand - often leaving a trail of devastation in its wake. Businesses without defence strategies in ...

Credit Risk

Insolvency - Globalisation’s Silent Killer

by Niamh Hunter

The globalisation of business has opened unlimited doors for companies to begin operating on an international scale, unleashing their full ...

Risk

Financial Health Checklists - Are They Good Enough?

by Niamh Hunter

There are few industries that don’t require robust and thorough onboarding processes for new clients and customers. From the legally ...

AML Compliance

Are PEPs and Sanctions Checks Mandatory in the UK?

by Erin Fogarty

Businesses need to take necessary measures to combat illegal financial activities and comply with regulations. This involves conducting ...

Credit Risk

Company Monitoring vs Bad Debt Protection

by Niamh Hunter

Regardless of industry, goals, or size, every business must have crucial financial strategies that drive business success.

Analysis

Cost of Living Christmas - Retail Update

by Niamh Hunter

Christmas is often the time of year when we see retailers thriving. With heavy footfall, motivated shoppers, and plenty of marketing ...

Credit Risk

Red Flag Alert Provides Over a Year of Insolvency Forewarning

by Niamh Hunter

Red Flag Alert’s industry-leading data provides up to 16 months’ notice, with an average of 110 days, before an insolvency takes place.

Life at RFA

#Databoss of Red Flag Alert: Marc Williams

by Erin Fogarty

Risk

Announcing Our Groundbreaking New International Monitoring Feature

by Erin Fogarty

We are thrilled to share some exciting news with you which represents a huge step towards our goal to become the leading data intelligence ...

Risk

We Looked At <£20 million Turnover Companies In Critical Risk: Here’s What We Learnt

by Rory Traynor

There were 30,199 insolvencies in 2023 and this year is expected to see a higher number, potentially significantly higher. With companies ...

Credit Risk

What is Know Your Supplier (KYS) ?

by Niamh Hunter

As technology has advanced, businesses have enjoyed the benefits of being interconnected across global markets. However, pitfalls are ...

B2B Data

How Red Flag Alert Helps You Build Relationships With Accountants

by Rory Traynor

Accountants provide an essential service to UK businesses, with few businesses maintaining their own internal accountants. Not only do they ...

Credit Risk

Mitigate Risk with Red Flag Alert's Countdown to a Debtor’s Insolvency

by Niamh Hunter

Identifying and predicting insolvencies is a challenging task for businesses, but Red Flag Alert has the much-needed solution, with ...

Credit Risk

Debtors at Risk of Insolvency? 5 Steps to Protect Your Business

by Niamh Hunter

Company monitoring is an essential process for businesses. By keeping track of their suppliers, customers, and contractors, organisations ...

Product Launch

Announcement: Our Partnership With IDVerse To Enhance Our AML/IDV Solution

by Erin Fogarty

We're thrilled to announce a major breakthrough in our journey towards becoming the leading provider of business data and compliance risk ...

Risk

Red Flag Alert Gives Over 8 Months Warning Of Mobi Market Limited

by Rory Traynor

The value-added mobile phone reseller Mobi Market Limited filed a notice of intention to appoint an administrator on 22nd January 2024.

B2B Data

Data-Driven Sales Strategies: Turning Red Flag Alert Insights into Revenue

by Niamh Hunter

Strategy and key business decisions should be based on facts and evidence. As such, success is often synonymous with the ability to ...

B2B Data

How To Identify High-Quality Leads With Red Flag Alert's Comprehensive Data

by Niamh Hunter

For businesses to grow and succeed, money needs to come through the door at a steady pace. But, this is much easier to say than it is to ...

Risk

How we Flagged CC STIM UK TOPCO LTD (Rekom UK) Four Months Early

by Rory Traynor

On 15th January 2024, Rekom UK filed a notice of intent to appoint an administrator with the UK courts. Signaling the effective business ...

Risk

How Digitally Transforming Credit Risk Procedures Protects Businesses From Insolvency

by Niamh Hunter

High-interest rates, geopolitical conflict, and a rise in the cost of living have taken their toll on the UK’s business landscape. In fact, ...

Insolvency Predictions: How did we do?

by Niamh Hunter

Of all the UK sectors in 2023, the construction industry experienced the majority of insolvencies and bad debt. However, regardless of ...

Risk

How Red Flag Alert gave early warning of the Recycling Lives Limited Administration

by Rory Traynor

Recycling Lives Limited was a highly successful recycling company based in the North West of England. They turned over more than £100 ...

Risk

Red Flag Alert Gives Early Warning of Brenig Construction Limited Failure

by Rory Traynor

Brening Construction were a successful construction, developer and civil engineering firm based in Wales that turned over eight figures and ...

Risk

Red Flag Alert Spots TXM Plant Limited Insolvency Early

by Rory Traynor

On 10th January 2023 TXM Plant Limited crashed into administration. It joins a growing list of construction industry leaders that have not ...

Credit Risk

Avoiding Insolvency And Managing The Risk Of Bad Debt FAQs

by Rory Traynor

Red Flag Alert recently had the pleasure of hosting the insolvency expert Julie Palmer of Begbies Traynor for our monthly webinar. Julie ...

UK Business News

Red Flag Alert Gives Advanced Warning Of Printing Giant Communisis’s Collapse

by Rory Traynor

On 28th December 2023, the print and customer communication giant Communisis collapsed into administration. The Leeds based company was an ...

Life at RFA

#Databoss of Red Flag Alert: Richard West

by Erin Fogarty

Risk

Why Monitoring is an Essential Step for the Construction Industry

by Niamh Hunter

Within the last year, the construction industry has accounted for 17% of all UK insolvencies, more than any other sector. This, followed by ...

Credit Risk

Understand Your Business Credit Score

by Niamh Hunter

How Do Business Credit Scores Work? Business credit scores are a measurement of an organisation’s creditworthiness. Similarly to a personal ...

How Can Retail Solve Its Supply Chain Management Problem?

by Rory Traynor

Retail is one of the industries at the forefront of the economic downturn plaguing the UK and much of the rest of the world. It has been ...

AML Compliance

Is it a Legal Requirement to Conduct KYC Checks on UK Clients?

by Erin Fogarty

KYC (Know Your Customer) represents a set of procedures designed to verify the identities of clients to ensure transparent and secure ...

AML Compliance

Is This a Wake-Up Call for Legal? Ashfords LLP Receive £100K AML Fine

by Niamh Hunter

National and well-established legal firm, Ashfords LLP, has been fined over £100,000 by the Solicitors Regulation Authority after they ...

Analysis

Cost Of Living Christmas: Reason For Christmas Cheer

by Rory Traynor

Welcome to the final article in our Cost Of Living Christmas 2023. Over the last few weeks we have looked at what 2023 has been like for ...

Analysis

Cost Of Living Christmas: Who Will Be Having A Merry Christmas?

by Rory Traynor

Welcome to our third article in the Cost Of Living Christmas 2023 series. In this article we will be looking at which industries will be ...

Analysis

Cost Of Living Christmas: Is It Make Or Break For The Retail and Hospitality Sectors

by Rory Traynor

Welcome back to our Cost Of Living Christmas 2023, today we will look at the retail and hospitality sectors. These are the two sectors most ...

Analysis

Cost Of Living Christmas: Consumers Feeling The Pinch

by Rory Traynor

Welcome to the first article in our series on the Cost Of Living Christmas 2023. Over the next few weeks we will be looking at what is ...

Press

Spotify lays off staff as the cost of living continues to bite

by Sinead Haycox

Spotify, arguably the most popular music streaming app in the world, isn’t immune to the global economic pressures and demands of ...

Analysis

Why Inflation Has A Direct Impact On Fraud In The UK

by Erin Fogarty

As prices rise, the purchasing power of the pound diminishes, and this has a direct impact on many economic activities. There is a critical ...

Credit Risk

What are Zombie Companies?

by Rory Traynor

If you've been keeping an eye on the economic news over the last few years, you will have seen the term zombie company being mentioned more ...

Compliance

Red Flag Alert launches cutting edge new UBO feature

by Red Flag Alert

Red Flag Alert are pleased to announce to launch of our latest Ultimate Beneficial Ownership (UBO) feature to support the anti-money ...

Automation

How Red Flag Alert Automate Helps Business

by Rory Traynor

Compliance, anti fraud and risk checks are becoming an ever more important and unavoidable part of doing business. Whether it is to meet ...

Risk

How To Search the Insolvency Register

by Rory Traynor

A business is not just an intangible entity and is, ultimately, made up of the people that it employs; especially those making the ...

Automation

All About Graph QL with our Director of Development

by Erin Fogarty

Over the last few years, more businesses than ever before have adopted data-driven decision-making and digital experiences, and part of ...

Life at RFA

#Databoss of Red Flag Alert: Ashley Dunn

by Erin Fogarty

Ashley is one of our Business Development Managers. He’s been at Red Flag Alert for just over a year (13 months) and sat down with us to ...

Risk

What is the Insolvency Register?

by Red Flag Alert

The insolvency register is a public list of people who have used a debt relief solution in England and Wales. But can you use it to protect ...

AML Compliance

Is AI The Latest tool to Tackle Money Laundering?

by Erin Fogarty

The world of artificial intelligence (AI) is experiencing an unprecedented boom, with its transformative influence extending across various ...

AML Compliance

Customer FAQs from our AML webinar

by Rory Traynor

Recently our Chairman, John Lord, and CRO, Marc Williams, hosted a webinar on ‘The importance of customer due diligence and the positive ...

AML Compliance

What Is Bank Account Verification?

by Rory Traynor

Bank account verification is an important part of compliance in many industries but is also becoming increasingly common in those which are ...

Growth

How and Why Red Flag Alert Measures Growth

by Erin Fogarty

After years of macroeconomic shocks in the UK, finding growth can be a difficult task. Particularly in the current landscape, with ...

Risk

Data Security in RegTech: Safeguarding Sensitive Information

by Erin Fogarty

In the UK’s rapidly evolving financial landscape, businesses are faced with an ever-expanding web of regulations and reporting obligations. ...

Automation

How Digital Transformation Helps Businesses

by Rory Traynor

Digital transformation is currently a hot topic in the business world and is seen by many directors as not just the future of business, but ...

Credit Risk

Red Flags to look out for in a company credit report

by Red Flag Alert

Why You Need to Perform Company Credit Checks Running company credit checks can help you verify whether a client, supplier, or prospect is ...

Risk

Top 5 Benefits of Portfolio Manager

by Rory Traynor

Now, more than ever, it is vital for businesses to seize opportunities and avoid failures. But with threats to businesses at an all-time ...

Compliance

How automating decisions can revolutionise your business practices

by Red Flag Alert

Manual processes can be a significant drain on time and resources. They require high levels of time and effort from staff and are ...

Life at RFA

#Databoss of Red Flag Alert: Andrew Mason

by Erin Fogarty

What is your role at Red Flag Alert? I manage the SDR team.

Credit Risk

The Impact of Credtech on Small Businesses

by Erin Fogarty

CredTech, which combines the power of credit and technology, is reshaping the way businesses access and manage their finances. It ...

UK Business News

Richard West, Red Flag Alert’s MD, named in 42 under 42 list

by Sinead Haycox

Credit Risk

High Turnover Firms Amongst 3000 Manufacturing Businesses In Severe Distress

by Rory Traynor

Over 3,000 manufacturing businesses are showing signs of severe financial distress, including many high-turnover companies. In addition to ...

CRM & Data

How Red Flag Alert’s API Can Maximise Sales and Marketing

by Red Flag Alert

Data is key to sales; good data is detailed, accurate, and up to date. Sales teams armed with this kind of data can become more efficient ...

Risk

How To Execute Digital Transformation

by Rory Traynor

Digital transformation is top of the agenda for many company directors, with over 50% of European companies holding it as one of their ...

AML Compliance

Regtech Trends 2024: What Lies Ahead for Compliance Technology?

by Erin Fogarty

Life at RFA

Red Flag Alert wins place on Tech Climbers list

by Sinead Haycox

We are thrilled to announce that Red Flag Alert has been named among the top innovators in Manchester’s bustling tech scene and has been ...

AML Compliance

Regtech Adoption: Transforming Compliance in The UK Financial Sector

by Erin Fogarty

In the intricate world of finance, compliance stands as a cornerstone, ensuring stability, security, and trust within the UK financial ...

Growth

How Can My Company Grow With Red Flag Alert?

by Rory Traynor

Growing their company is the ultimate goal for all company directors, but it can be a difficult thing to achieve. This is especially true ...

Analysis

The Dangers Of Business Silos And How Red Flag Alert Can Help

by Rory Traynor

Silos are one of the most common problems that businesses face. They've become so familiar that many see them as an inevitable feature of ...

AML Compliance

What Is the Difference Between Smurfing And Structuring

by Rory Traynor

Money laundering is big business and is carried out on a huge scale both in the UK economy and globally. Schemes are generally complex and ...

Product Launch

Red Flag Alert launches new business credit score

by Sinead Haycox

Red Flag Alert are proud to announce the release of our proprietary numerical credit scoring system, to accompany our easy-to-understand ...

Credit Risk

Credtech and Data Security : Ensuring Trust in a Digital Era

by Erin Fogarty

When we use the term “Credtech”, typically it refers to credit technology. Generally, that includes technologies to help businesses assess ...

Credit Risk

Does A Rise in High Turnover Businesses in Distress Signal Increased Construction Insolvencies?

by Rory Traynor

UK insolvency rates continue to rise, with August 2023 seeing 2,308 companies going bust, which is a 19% rise year on year from August 2022 ...

Analysis

Understanding the strike off process for a limited company

by Red Flag Alert

When it comes to closing a limited company, there are a number of ways this can be achieved, chiefly by either liquidating the company or ...

Analysis

English Councils face Huge Funding Gap

by Rory Traynor

Recently Birmingham City Council made headlines by declaring themselves ‘effectively bankrupt’. Whilst many expressed surprise that this ...

AML Compliance

Ex-Employees Face Fraud Charges over Collapse of Patisserie Valerie

by Erin Fogarty

At the height of its success on the high street, Patisserie Valerie was a much-loved UK institution with a great heritage. The chain ...

Credit Risk

Five Ways Red Flag Alert Monitoring Will Help Your Business

by Rory Traynor

Company credit checking before entering into a relationship with them should be an essential part of your standard processes. However, even ...

Risk

Enhanced Due Diligence (EDD) in The Age of Rising Fraud

by Erin Fogarty

In 2022, over £1.2 billion was stolen through fraud in the UK. With much of this coming from online sources, due diligence has never been ...

Growth

Gazelle Companies: Why They Might Be Your Perfect Customer

by Rory Traynor

Almost everyone has heard of the mythical unicorn company; those that almost overnight emerge from obscurity to dominate the business pages ...

Growth

Which city is the 'King in the North'?

by Sinead Haycox

We used our data on business growth in the UK to assess which region is set to grow the most With talks of recession, stagflation, and low ...

AML Compliance

Changes to the UK Gambling Act 2005 that you need to know

by Erin Fogarty

In recent years multiple gambling operators have been dealt huge fines for AML non-compliance and failures in protecting customers. As a ...

AML Compliance

KYC: Why is knowing your customer important?

by Erin Fogarty

Money laundering continues to be a major problem for the UK Government and the overall economy. To tackle this, in 2022 over two-thirds of ...

Life at RFA

#Databoss of Red Flag Alert: Alex Hoole

by Red Flag Alert

Alex started just over a year ago, in July 2022. He’s one of our Data Scientists and part of our talented Data team here at Red Flag Alert.

Credit Risk

Why would a company get First Gazette Notice?

by Erin Fogarty

The First Gazette notice is the beginning of the end for a business. It causes irreversible reputational harm to directors and means ...

Risk

500 High Turnover Construction Companies Showing Signs of Financial Distress

by Rory Traynor

The construction industry is one of the most sensitive to economic turmoil and when the economy falters it inevitably feels it first and ...

AML Compliance

How do Shell Corporations work?

by Erin Fogarty

Most business owners have heard of shell companies but many will not know exactly what the term means or what the implication of a shell ...

Analysis

Financial Troubles in Gallagher Premier League ‘Clearly Unsustainable’

by Rory Traynor

The Rugby World Cup is underway and after a lengthy spell of underperforming the England team is starting to see some success on the field. ...

Risk

Crisis in Retail with 6,000 Insolvent Over the Past Five Years

by Sinead Haycox

It’s a tough time to be in retail. Ongoing financial pressures such as the cost-of-living crisis mean that shoppers are tightening their ...

UK Business News

Can an Organisation Grow During a Recession?

by Erin Fogarty

There is growth all around us, even as the country stands on the precipice of an economic downturn. Whilst some companies, particularly ...

Compliance

Phoenix Companies and Phoenixing: Are they legal?

by Rory Traynor

Phoenix companies are a surprisingly common outcome of corporate insolvencies in the UK. Yet they are poorly understood and looked upon ...

Life at RFA

#Databoss of Red Flag Alert: Alberte Touani

by Red Flag Alert

Our #Databoss series is all about our employees that make Red Flag Alert a great place to work. Throughout this series, we’ll be showcasing ...

Press

We are exhibiting at Accountex Manchester

by Red Flag Alert

What are you doing on the 19th September? Come and meet us at Accountex!

Analysis

The early warning signs that predicted the issues at Buckingham Group

by Sinead Haycox

August dealt another huge blow for the construction industry, with sector leaders Buckingham Group suffering major cashflow issues. The ...

Risk

Wilko: What Went Wrong And What Will Happen?

by Rory Traynor

On 10th August 2023, the beloved high street discount store Wilko entered into administration after years of failing fortunes and financial ...

B2B Data

Five Ways Red Flag Alert Marketing Data Can Improve Your Sales Process

by Rory Traynor

Generating sales and new business can be one of the most challenging aspects of doing business, especially in a stuttering economy. As ...

UK Business News

UK Insolvencies Hit Highest Level Since 2009

by Erin Fogarty

Since the Global Financial Crisis of 2007 and 2008, the UK economy has suffered from stagnation. Austerity and the fall of real wages ...

Life at RFA

#Databoss of Red Flag Alert: Hannah Bergin

by Red Flag Alert

Introducing our new #Databoss series, all about our employees at Red Flag Alert. Throughout this series, we want to showcase our incredible ...

Risk

Who is the UBO of a company?

by Red Flag Alert

The Ultimate Beneficial Owner (UBO) is defined as the person who owns or manages an interest in a legal entity, such as a business or ...

Compliance

What is transaction monitoring?

by Red Flag Alert

Transaction monitoring is a key part of anti-money laundering procedures to allow financial institutions to mitigate risk and remain ...

Risk

What does a Credit Risk Manager do?

by Erin Fogarty

Credit Managers are employed across multiple industries but are especially important for financial institutions. They have a variety of ...

Compliance

Importance of Ultimate Beneficial Owner Data To Real Estate Agents

by Rory Traynor

Real estate is one of the industries most exposed to money laundering and as such falls into the UK’s regulated sector. This means that ...

Risk

How to get information about a company director?

by Red Flag Alert

A company director is one of the most vital parts of any business. The board of directors are the ones to steer an organisation with ...

Compliance

Politically Exposed Persons (PEPs) & Anti-Money Laundering Compliance

by Rory Traynor

As the global fight against money laundering intensifies AML regulations are becoming increasingly more stringent. Nowhere is this more ...

Risk

What’s the difference between a health rating and a credit limit?

by Red Flag Alert

Before entering into any sort of financial or professional arrangement with another business, it is crucial to undertake a necessary amount ...

UK Business News

A Guide To The New FCA Consumer Duty Regulations

by Rory Traynor

The Financial Conduct Authority (FCA) is introducing major changes to its Consumer Duty regulations that aim to ‘make the consumer duty an ...

UK Business News

A Sign of Things to Come? Major Banks Reduce Lending to SMEs

by Rory Traynor

The UK is home to 5.5 million SMEs, which form an important part of our economy. After a difficult few years and the current slew of ...

Compliance

What is a Biometric Login?

by Red Flag Alert

In the digital age, ensuring the security of our personal information is of utmost importance. It’s well known that simplistic passwords ...

Compliance

How to prepare for the UK’s Economic Crime Levy 2023

by Erin Fogarty

The recently launched Economic Crime Levy (ECL) is a new regulation from HM Treasury, aiming to raise £100 million per year to tackle ...

Growth

Measuring Growth in Yorkshire

by Rory Traynor

It is no secret that the UK economy is going through a tough time. Growth had been largely stagnant since the World Financial Crisis and, ...

Life at RFA

#Databoss of Red Flag Alert: Natalie Kennedy

by Red Flag Alert

Introducing our new #Databoss series, all about our employees at Red Flag Alert. Throughout this series, we want to showcase our incredible ...

Risk

What's on the agenda for Credit Risk Managers in 2023?

by Erin Fogarty

2023 has been a tough year for credit risk managers, and it’s certainly kept them busy. With inflationary pressures at a 40 year high, ...

Compliance

Why Solicitors Need Anti-Money Laundering Checks

by Erin Fogarty

Anti-money laundering is a broad term for laws, processes, and regulations that protect the financial system from criminal activity and ...

How Red Flag Alert Predicted the Ongoing Issues at Wejo

by Sinead Haycox

With the news that another gem of Manchester tech is struggling financially, it has been revealed that the future of connected vehicle data ...

Press

Red Flag Alert secures £4.5million investment from Foresight and Uncapped

by Red Flag Alert

Red Flag Alert are the UK's leading provider of business data intelligence and analytics to predict growth, global compliance risk and ...

Compliance

What is Regtech?

by Rory Traynor

Regtech is becoming an increasingly common part of day-to-day operations in sectors across the UK business environment. For many companies, ...

Risk

Our Credit Limits Have Changed

by Red Flag Alert

Alongside our recent scorecard product update, we’re pleased to announce yet more positive changes for Red Flag Alert users. Read on to ...

Risk

What is CredTech ?

by Rory Traynor

Credtech is an increasingly vital tool for businesses around the globe.

Enhanced Due Diligence in Construction

by Red Flag Alert

The construction industry has been through a lot. As one of the sectors most impacted by the COVID-19 pandemic, when businesses were ...

Risk

What do lenders classify as credit risk red flags?

by Red Flag Alert

During the course of operating a business, you may find yourself at the mercy of lenders when looking to borrow funds, applying for credit ...

Analysis

Why company cash flow provides a window into financial health

by Red Flag Alert

When operating a business, the greatest challenge is often keeping your finger on the pulse and ensuring that cash flow is always ...

Analysis

How a cash injection can empower organic and artificial business growth

by Red Flag Alert

While business may be booming with a loyal customer base at the heart, the growth of your company may, in fact, be stagnant. The greatest ...

Risk

Why We Changed Our Scorecard

by Red Flag Alert

Exciting news here at Red Flag Alert - we're proud to announce the rollout of all new scorecards across our platform.

B2B Data

7 B2B Sales Prospecting Strategies to Improve your Sales Pipeline

by Red Flag Alert

If you work in B2B sales, you'll know how tough prospecting is. Finding time to qualify leads and then piquing their interest is ...

Risk

How To Avoid Credit Risk by Finding The Right Clients

by Red Flag Alert

A global pandemic, worldwide supply chain issues, sky-high energy costs, rocketing inflation, and an economic slowdown — the challenges ...

Another Bank Falls: The Failure of First Republic

by Red Flag Alert

With news that yet another US bank has fallen by the wayside, the financial markets are understandably jittery. The failure of First ...

Compliance

The Role of AML Checks for Estate Agents

by Red Flag Alert

Money laundering is a huge issue in the UK, and it should not be understated when it comes to property. In 2020, it was estimated over £5bn ...

Compliance

Everything You Need to Know About Money Laundering

by Red Flag Alert

Money laundering is a term most are familiar with, but very few understand the real-world forms and applications that it takes. It is a ...

Compliance

FCA Calls Time on Money Laundering at the Post Office

by Red Flag Alert

Money laundering continues to be a substantial issue in the UK, causing wide-ranging economic issues and legal ramifications. As ...

Press

The Rising Cost Of Energy And Its Effect On Business

by Red Flag Alert

The previous three years have seen businesses faced with an unprecedented series of challenges; from a global pandemic through to soaring ...

Compliance

What are Adverse Media Checks?

by Red Flag Alert

Adverse media checks help to uncover poor public feelings towards an individual or organisation that might harm any business partner by ...

What is Sales Data?

by Red Flag Alert

Sales data is data generated from a business’s sales team. For example, revenue per sale and average customer lifetime value (LTV). It ...

Analysis

What is a Unicorn Company?

by Red Flag Alert

Starting as a description used by venture capitalists and generally gaining popularity as a phrase, the word ‘unicorn’ to describe a ...

Analysis

Winners and Losers of 2022

by Red Flag Alert

For many in the financial sector, 2022 was a tumultuous year to say the least. With global turmoil, the war in Ukraine, cost of living ...

Press

Red Flag Alert bolsters team with two senior hires

by Red Flag Alert

Manchester-based business intelligence platform Red Flag Alert, the UK’s only independently-owned credit reference agency for businesses, ...

Analysis

A Public Limited Company (PLC) vs a Private Limited Company (Ltd)

by Red Flag Alert

Most people have encountered companies who's names are followed by Ltd or PLC, denoting their status as a private or public limited ...

Compliance

AML Check: Help your business fight financial crime through data

by Red Flag Alert

If you work in an industry subject to money laundering regulations, then you’ll know how important it is to perform an AML check on each ...

Press

William Hill fine: AML compliance and the gambling industry

by Red Flag Alert

William Hill, one of the UK’s largest gambling companies, has been hit with a fine of £19.2 million, the biggest ever in the Gambling ...

How To Manage Credit Risk

by Red Flag Alert

According to the Financial Times, UK companies are failing at the fastest rate since the financial crisis.

Risk

Four Ways to Avoid Bad Business Debt

by Red Flag Alert

Avoiding bad business debt is vital for the survival of your business. If your partners, customers or clients are at risk of insolvency, ...

Risk

What is a Credit Reference Agency (CRA)?

by Red Flag Alert

Without credit, most businesses wouldn’t be able to function. But with that comes credit risk; there is a chance that goods or services ...

Risk

How Red Flag Alert Predicted The Carillion Failure

by Red Flag Alert

Carillion was the second largest construction company in the UK, employing around 43,000 people around the globe, with over 18,000 of those ...

Risk

How Red Flag Alert Spotted Arcadia Group Trouble

by Red Flag Alert

Arcadia Group were a UK headquartered multinational retailer. They were the parent company for companies such as British Home Stores, ...

Press

Dr Nicola Headlam's Spring Budget Analysis

by Dr Nicola Headlam

Jeremy Hunt has unveiled his much anticipated Spring Budget to much analysis and discussion throughout the country. After the political ...

Risk

How Red Flag Alert Predicted Trouble For P&O

by Red Flag Alert

P&O Ferries is a British ferry operator that have routes from the UK to Ireland and Continental Europe. As one of the country's largest ...

Risk

A Guide to Credit Reference Agencies in the UK

by Red Flag Alert

Here at Red Flag Alert, we’re proud to be the UK’s only independently owned credit reference agency for business credit checks.

Press

The collapse of Silicon Valley Bank

by Red Flag Alert

For nearly half a century, Silicon Valley Bank (SVB) was a key player in the US and UK startup sectors. Known for its technological ...

Press

Pre-Spring Budget with Dr Headlam BBC 5 Live Pt.3

by Red Flag Alert

This week our Chief Economist, Dr Nicola Headlam, has been appearing on BBC Radio 5 Live playing Fantasy Chancellor; where members of the ...

Press

Pre-Spring Budget with Dr Headlam BBC 5 Live Pt.2

by Red Flag Alert

This morning our Chief Economist, Dr Nicola Headlam, appeared on the BBC to play fantasy chancellor in the run up to Wednesday’s Spring ...

Press

Red Flag Alert Pre-Spring Statement Insights

by Red Flag Alert

Chancellor Jeremy Hunt is set to unveil the Spring Budget in the Spring Statement on Wednesday 15th March. After 2022 seeing four separate ...

Press

Pre-Spring Budget with Nicola Headlam and BBC 5 Live

by Red Flag Alert

Jeremy Hunt needs to deliver "everything, everywhere, all at once", in his spring statement.

Red Flag Alert: Scorecard Change

by Red Flag Alert

At Red Flag Alert we have always been proud of the accuracy of our ratings and our ability to predict business failure. As part of our ...

Risk

Why a UK Directors Search is Important To Your Business

by Red Flag Alert

Credit risk management is important for businesses of all sizes, which is why it’s vital to research potential business partners. One ...

Risk

Managing Credit Risk

by Red Flag Alert

Risk is an unavoidable part of doing business and is usually necessary in some form to grow your business. However, taking unnecessary and ...

Compliance

How to Manage Supplier Insolvency Risk

by Red Flag Alert

Most companies think about insolvency risk in terms of their customers. How will losing a customer impact their revenue? Will they ...

Risk

Data Is Vital in Unprecedented Times

by Red Flag Alert

Some businesses prospered during the pandemic. However, even healthy companies must remain vigilant as the ongoing economic fallout could ...

Compliance

Why Red Flag Alert is the Perfect Tool for Accountants

by Red Flag Alert

Accounting and auditing firms face the same issues as many other companies – namely, how to ensure they have a steady stream of customers, ...

Risk

How to Spot Risk in a Set of Company Accounts

by Red Flag Alert

Company accounts are an interesting piece of the jigsaw when evaluating the solvency of your clients.

Risk

The Three Stages of Money Laundering

by Red Flag Alert

Money laundering serves as the financial backbone for criminal enterprises, facilitating funding and profits derived from various illicit ...

Risk

Money Laundering: What is a Risk-Based Approach?

by Red Flag Alert

The UK government has declared a crackdown on money laundering and has strong legislation to aid in this. With £88 billion laundered ...

Risk

A Guide to Shell Companies

by Red Flag Alert

UK and International Credit Checks

by Red Flag Alert

We’ve written many times about the dangers of bad debt. This is when a company loses money because one of its customers goes out of ...

A Guide to KYC Regulations in 2023

by Red Flag Alert

Financial crime continues to be a major issue in the UK. But the government and law enforcement agencies are cracking down on those that ...

Risk

A Guide to Insolvency Risk

by Red Flag Alert

Recessions are a very worrying time for businesses. The reduced faith in the economy and reduction in spending that they bring on ...

Risk

A Guide to Corporate Insolvency

by Red Flag Alert

Data

What is a Companies house Web Search?

by Red Flag Alert

As a regulatory body working for the UK government, Companies House maintains countrywide registration of limited companies (Ltd) and ...

Risk

How to Reduce Credit Risk Exposure?

by Red Flag Alert

The UK is facing some of the toughest economic conditions since the financial crisis.