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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.

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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. 
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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. 
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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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Try our FREE company checker

Enter the name of the company you wish to check and let our system generate results instantly.

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

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Latest News

Risk

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

UK Business News

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

UK Business News

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

UK Business News

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.

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Here at Redflag Alert we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. By submitting this request, you agree to receiving information from Red Flag Alert. See Privacy Policy.

Contact

Red Flag Alert
302 Chambers Business Centre
Chapel Road, Hollinwood
Oldham
Greater Manchester
OL8 4QQ
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