What does each of the portfolio alerts mean?

This is a glossary of all current event alerts, so you can decide what's most relevant for your business.

ACC REF DATE CHANGE – A company has either shortened or extended its financial year. 

ACCOUNTS ADDED – Financial accounts have been added. 

ASSET VALUE INCREASE BY GT 15 PERCENT – There has been an increase in the company’s asset value by greater than 15 per cent. 

BUSINESS ADDRESS AMENDED – Change in registered office address of business. 

CCJ NEW – A County Court Judgment has been issued by a court as a result of the relevant company owing money. 

CCJ NEW POSSIBLE MATCH – A new CCJ possibly related to the company has been issued. 

CCJ NEW PROBABLE MATCH – A new CCJ highly likely to relate to the company has been issued. 

CCJ SATISFIED – A CCJ has been paid. If paid within 1 month in full, the CCJ will not appear on credit reports. If not, the CCJ remains on credit score for 6 years. 

COHO STATEMENT OF AFFAIRS – A form has been filed at Companies House to notify them of a statement of affairs. 

COMPANY INCORPORATED – The company has been incorporated. 

COMPANY RESTORATION – The official restoration of a company that has been previously dissolved. 

COMPANY RESTORATION ADMINISTRATIVE RESTORATION – Directors/shareholders have applied to have their company restored after it has been compulsorily dissolved. 

COMPANY RESTORATION COURT ORDER – The courts have ordered the company to be restored to the register as if it had never been dissolved. Assets are recovered and members or directors may be ordered to be put back in the same position they were in before the company was dissolved. 

CREDIT SCORE CHANGE 20 POINTS – The company’s credit score has changed by 20 points. 

CREDIT SCORE DECREASE – The company’s credit score has decreased. 

CREDIT SCORE INCREASE – The company’s credit score has increased. 

CREDITOR CLAIM 1 YEAR NET WORTH GT 0 4 – The total value of an unsecured creditor’s claim has exceeded 40% of the company’s net worth. 

CREDITOR CLAIM 1 YEAR WORKING CAPITAL GT 0 4 – The total value of an unsecured creditor’s claim has exceeded 40% of the relevant company’s working capital, impacting their overall health. 

CREDITOR SERVICES – A creditor is in the process of attempting to recover debts through a practical resolution in order to reduce risk of insolvency. 

DEBT EBITDA RATIO – The ratio measuring the company’s ability to pay off incurred debts has been altered. EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortisation. 

DISSOLUTION 0 – A dissolution process has been completed in its entirety, and the company is now dissolved. 

DISSOLUTION 9 – A dissolution is in process with the business. 

DISSOLUTION FIRST GAZETTE – The first warning that a company will be struck off the Companies House register due to non-compliance. If unchallenged, the company will be dissolved. 

GAZETTE ADMIN ORDER – An order made by the court at the request of an individual who has debt equal to or below £5,000 and is unable to pay in full, but can over time. The order offers protection and allows for payments to be made monthly. 

GAZETTE ANNUAL LIQUIDATION MEETINGS – An annual meeting of the members and creditors of the company have convened, to consider and approve a Liquidator’s Report and Receipts and Payments Account on the progress of the Liquidation to date. 

GAZETTE BANKRUPTCY ORDER – An issue to an individual from the court, informing them they are bankrupt. 

GAZETTE COMPANY DISSOLVED – Notice declaring that the respective company will be stuck off Companies House and cease to legally exist. Following the Gazette notice, three months will pass before the company is removed. 

GAZETTE CREDITORS MEETING – A formal meeting in which creditors are asking to vote on the decision to voluntarily wind up the company and appoint a liquidator. 

GAZETTE CVA – Declaration of a formal deal between an insolvent business and its creditors, usually between 3 and 5 years, to settle debts by paying only a portion of the amount owed. 

GAZETTE DEEMED CONSENT – A proposal has been made by a convener which all creditors will have consented to in an administration. 

GAZETTE FINAL MEETINGS – Notice of a final meeting before a dissolution has been determined. 

GAZETTE HIGH COURT WRIT – Notice of formal order for High Court Enforcement Officers (HCEOs) to enforce a claim by visiting the debtor to receive payment through the seizing of assets or agree to a repayment plan. 

GAZETTE JOINT ADMINISTRATORS APPOINTED – Appointment of a licensed insolvency practitioner to oversee the liquidation of a company. 

GAZETTE LIQUIDATOR APPOINTED – An advertisement has been placed in the Gazette advising a liquidator has been appointed to oversee insolvency proceedings. 

GAZETTE NOTICE OF DIVIDEND – A notice of dividends payable to unsecured creditors within 4 months from the last date of proving has been sent out by a trustee. 

GAZETTE NOTICE OF INTENDED DIVIDEND – An insolvency practitioner has placed a notice stating the intention to declare a first and final dividend to creditors of the relevant company within two months of the last date for proving. 

GAZETTE NOTICE TO CREDITORS – An administrator or liquidator has placed a notice to state the intention to make a distribution to creditors. 

GAZETTE NOTICES TO MEMBERS – A notice has been sent out by an administrator, provisional liquidator, or a PSC from the company to update the current status of a business concerning an administration process. For a list of what this includes, please see the Gazette website. 

GAZETTE PARTNERSHIP DISSOLUTION – Notice of partners mutually dissolving a partnership, or an alteration occurring within the business that affects the relationship between partners. 

GAZETTE PETITION ADJOURNED – An adjourning of a winding petition has occurred to allow the company more time to gather evidence. 

GAZETTE PETITION DISMISSED – Note of dismissal of winding up petition by the court, usually if the judge decides the company can repay a reasonable proportion of the debt due. 

GAZETTE PETITION WITHDRAWN – A petition to wind up has been withdrawn, likely because the company has settled the debt, or the creditor has decided against the petition. 

GAZETTE RECEIVER APPOINTED – Appointed by, or on behalf of, the holders of any debentures of a company, secured by a floating charge. A receiver has the power to sell the assets covered by the floating charge and apply the proceeds to the debt owed.  

GAZETTE RECEIVER LAND PROPERTY – A receiver has been appointed to realise value of land/real estate. 

GAZETTE RECEIVER MANAGER APPOINTED – An insolvency practitioner has been appointed over a company to take control of assets for the benefit of a secured creditor. 

GAZETTE RECEIVER MANAGER CEASING – The insolvency practitioner has been relieved of control over a company’s assets, due to the debt issue being resolved. 

GAZETTE RESOLUTION FOR WINDING UP – The relevant company has notified that they are voluntarily winding up their business, which will be advertised in the Gazette within 14 days once the resolution has been passed. 

GAZETTE SERVICE OF PETITION – A liquidator has placed a notice when the petitioner has attempted to serve the relevant company but has been unable to make contact, and has advertised in the Gazette as the court will have directed them to. 

GAZETTE STRIKING OFF APPLICATION – An application has been made by the business to strike off. If successful, they will be struck off of the register by Companies House not less than 2 months after the date of notice. 

GAZETTE STRIKING OFF NOTICE – The first notice of striking off has been published by the Gazette. 

GAZETTE STRIKING-OFF NOTICE DISMISSED – A striking-off notice against the business has been dismissed as it does not fulfil the requirements for a striking-off. 

GAZETTE STRIKING-OFF SUSPENDED – An advertisement has been placed in the Gazette advising that striking-off procedures have been suspended. 

GAZETTE STRIKING OFF WITHDRAWN – A striking-off application has been withdrawn, likely by the business itself. They have provided sufficient cause as to why they should not be struck off. 

GAZETTE TRUST DEED – Notice of a trust deed has been published, which signifies that a voluntary agreement has been made between the business and a creditor to repay part of the money owed. 

GAZETTE UNADVERTISED PETITION TO WIND UP – A winding-up petition has been filed but not formally advertised in the Gazette. This is likely because the issue has been resolved within 7 days of the petition being served. The petition is still public knowledge through other means. 

GAZETTE VOLUNTARY ARRANGEMENT IN DEFAULT – A legally binding agreement has been made between a debtor and their creditor to write off part of the debt owed. 

GAZETTE VOLUNTARY WINDING UP – The business has chosen to liquidate itself through the winding-up process. 

GAZETTE WINDING UP ORDER – Final stage of the winding up process, after the petition has been advertised and the court has determined to follow through on it. It involves the order to place a company into compulsory liquidation. 

GAZETTE WINDING-UP ORDER RESCINDED – Sufficient evidence has been provided to show the company was not properly notified of the winding-up petition, or that the company's circumstances have significantly changed since the petition was issued. 

GAZETTE WINDING UP PETITION – Action taken by creditors of a company which will result in the company ceasing to trade. This is also known as compulsory liquidation. 

HMCOURTS ADMINISTRATOR APPLICATION – An application has been placed at the courts to appoint an administrator. 

HMCOURTS CVA – A company has proposed an agreement with its creditors in which terms have been determined, and this has been approved by the courts. 

HMCOURTS INITIAL STAGE WINDING-UP PETITION – A winding-up petition has been submitted to the courts. Also known as an unadvertised petition. 

HMCOURTS NOTICE APPOINT ADMINISTRATOR – Notice confirming the appointment of an administrator once a notice of intention has been issued. 

HMCOURTS NOTICE INTENTION APPOINT ADMINISTRATOR – Declaration of intention to appoint an administrator to rescue a business, repay creditors and save the company from liquidation. 

HMCOURTS WINDING UP PETITION – A sum of £750 or more is owed by the company and the debt has been undisputed. This is typically served by the High Court, specifically the Chancery Division. 

HMCOURTS WINDING-UP PETITION WITHDRAWN – A winding-up petition has been withdrawn by the HM Courts, typically because the dispute has been resolved promptly. 

IMMINENT COURT HEARING – A court hearing has been called for a company, with the date being imminent. 

LATE ACCOUNTS – Accounts have not been filed before the deadline. 

LIQUIDITY RATIO DROP GT 10 PERCENT – The liquidity ratio of the company has dropped by greater than 10 per cent. 

LSE PROFIT WARNING – The company has advised shareholders and the public, through the London Stock Exchange, that their earnings results will not meet analyst expectations. 

MORTGAGE AMENDMENT – An amendment has been made to an existing mortgage. 

NEW MORTGAGE – A new mortgage has been announced for a company. 

OFFICER ADDED – A new officer has been added. 

OFFICER RESIGNED - An officer has officially resigned from their position. 

PAYMENT TREND CHANGE – There has been a change to the company’s payment habits. 

POSC CHANGE – There has been a change within the company’s Persons of Significant Control. 

PRE-INSOLVENCY – The company has entered a pre-insolvent state. A formal declaration of insolvency is usually soon to follow. 

PRELIMINARY NOTICE OF CREDITOR ARRANGEMENT – The company and its creditors have entered into an agreed payment plan or restructuring of debts e.g., a CVA. 

REG ADDRESS CHANGE – The registered address (Head Office) of the business has been officially changed. 

REG NAME CHANGE – The name of the business has been officially changed. 

REVENUE DROP GT 10 PERCENT – The company has had a revenue drop greater than 10 per cent. 

RFA RATING CHANGE – The Red Flag Alert rating has been changed. This can be due to various reasons, such as many of these events. 

SATISFIED MORTGAGE – A document has been signed to say that the borrower has paid off mortgages in full. 

SHAREHOLDER ADDED – A new shareholder has been added to the business. 

VOLUNTARY DISSOLUTION APPLICATION SUSPENDED – The voluntary dissolution of a company has been suspended due to an objection from a third party e.g., a creditor.