Credit Risk
Good credit risk management hinges on high quality data; tens of thousands of businesses find themselves in financial distress each year because a customer hasn’t paid or a supplier hasn’t delivered what they’ve promised. Evaluating this risk and putting mitigating actions into place can be greatly improved by using Red Flag Alert.
Credit Assessment
- Price risk accurately by plugging our detailed insolvency algorithm into your calculations.
- Financial health rating for every business in the UK, incorporating 142 key financial indicators and giving an early view on the likelihood of insolvency with our proprietary algorithm.
- Pre-screen suppliers so you can find ones which fit your credit approval criteria.
- Pre-screen prospects so you can focus your outbound sales and marketing operations on businesses which have a favourable profile.
Detailed Analysis
- With over 5 million business records you are able to connect associated businesses and assess risk across different business structures.
- Information on over 20 million directors and sole traders, enabling you to evaluate directorship and financial background of the key people in businesses you work with.
- Provide detailed reports which can be tailored to pull out the key information, enabling you to speed up decision making.
- Looking at the financial health of a business alongside red flags gives you detailed information on the risk level associated with it. Where further clarification is required you can search on over 40 individual business criteria.
Improved Efficiency
- By plugging your CRM into our API you’re able to access real-time alerts into your inbox, giving you information on critical changes in credit risk.
- Alerts can be tailored to your needs; some users look at financial health levels whereas some are looking for specific changes in the business or signs of specific financial distress.
- Using the Red Flag Alert data you’re able to automate much of your credit risk activities, saving time whilst improving decision making.
- Getting detailed information early allows you to plan and structure the measures you’re putting in place to minimise risk.
1,000,000+
data changes every month – the UK’s freshest B2B database
40,000
Unsecured creditor & debtors bad debts added to trading businesses monthly
300+
Unadvertised petition added per month
The rating system works well for us; it allows us to target the right businesses. From a marketing perspective, it has helped us segment our market effectively and manage the huge amount of data in our system. Furthermore, working with Red Flag Alert has been easy, the team are very helpful, and the system works without problems.Barry Bridges, Senior Director at Santander
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Key Benefits
How we helped NSL telecoms
Read case study
21%
increase in revenue per client
Read how we helped NSL Telcoms grow revenues and manage risk in its business
How we helped Wave Energy
Read case study
12%
decrease in customer default
Read how we helped Wave Energy use data to explore growth opportunities and mitigate risk in its business
How we helped Towergate Insurance
Read case study
40%
increase in sales team performance
Read how we helped Towergate insurance gain control of their data processes and see results across the business
Latest News
COVID‐19 will cause unpaid business debt to double to £8.6 BILLION
Economic disruption caused by COVID‐19 will see unpaid business debt double to more than £8.6bn this year. According to The Insolvency Service over 17,000* companies went out of business in 2019, with analysis by financial risk firm Red Flag Alert showing this meant £4.3bn of invoices were written‐off.
Luxury Cars: The Perfect Vehicle for Money Launderers
In September this year supercar enthusiasts from around the world gathered at a quiet former monastery in Switzerland for a unique opportunity. Twenty-five supercars, including Ferraris, Maseratis and Lamborghinis were all up for auction – but what made this unusual was that they were all from a single collection.
7,000 London Companies Sink Into Significant Financial Distress in the Last 12 Months
There are 124,000 businesses across Greater London in significant financial distress, with almost all sectors being affected. Red Flag Alert data for Q3 2019 found that significant financial distress is increasingly prevalent throughout the capital, with 21 out of 22 sectors experiencing an increase.
Christie contractor enters into administration
Interserve, the construction firm appointed to develop The Christie hospital in Manchester, has entered into administration with all the company's assets immediately moving to a new specially formed company.
Contact
Red Flag Alert302 Chambers Business Centre
Chapel Road, Hollinwood
Oldham
Greater Manchester
OL8 4QQ