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.
data changes every month – the UK’s freshest B2B database
Unsecured creditor & debtors bad debts added to trading businesses monthly
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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With business confidence in the UK precarious as Britain edges towards an uncertain Brexit, the Bank of England has cited a high number of loans to risky businesses as being a serious problem to throw into the mix.
Bury is the most entrepreneurial borough in Greater Manchester with the highest rate of firms launched last year, according to new research published today.
The number of UK companies rated as being in ‘significant financial distress’ during Q3 2018 has increased by 5% compared to the same quarter last year, according to the latest Red Flag Alert research data from Begbies Traynor, the UK’s leading independent insolvency firm.