Trading continues to be challenging for UK businesses. Debenhams, Intu and Arcadia are high-profile names that have all entered administration in 2020, and McColls in May 2022 with 16,000 jobs at risk.

In many regulated industries conducting customer due diligence checks is required by law.

Even multi-millions in turnover can be a prelude to serious financial distress. Our biggest High Street names – ‘The Whales’ of the retail ocean can be found stranded as the tide turns towards faster fashion models.   

Accountants have always been undervalued in business, particularly in SMEs, where many directors see them as an expensive overhead. At a networking event in February, I was speaking to the director of a successful manufacturing business and he was complaining about the cost of his accountant.

Most business owners would prefer to work with companies that are going to grow. 

UK company insolvencies reached an all-time low during the pandemic. Government support measures kept businesses that would have gone insolvent afloat.

We gather data more regularly and from more sources than our competitors do. Our database is updated in real-time, so our customers know as soon as something changes with the companies they monitor.