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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The latest data from financial risk and business intelligence firm Red Flag Alert shows there are now 135,760 companies in London at serious risk of failure.
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.
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.
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.