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
Bank of England Warns of Growth in High-Risk Business Lending
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.
REVEALED: the most entrepreneurial areas of Greater Manchester…and the least
Bury is the most entrepreneurial borough in Greater Manchester with the highest rate of firms launched last year, according to new research published today.
469,000 Businesses In ‘Significant’ Financial Distress
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.
Homebase Sold To Hilco For £1
Homebase join a long list of retailers scrambling to survive in an increasingly hostile retail environment. Led by the restructuring firm Hilco, Homebase is expected to propose a company voluntary arrangement imminently.
Contact
Red Flag Alert302 Chambers Business Centre
Chapel Road, Hollinwood
Oldham
Greater Manchester
OL8 4QQ