Businesses in the construction sector are vulnerable to becoming insolvent through bad debt.
Red Flag Alert allows construction companies to monitor their customers for signs of financial distress and take action to protect their business.
The construction industry is built upon long, interconnected supply chains. Businesses often rely on being paid by their clients so that they can pay their suppliers and contractors.
Often one business in the chain becomes insolvent and cannot repay its debts to suppliers. When this happens, it could mean some suppliers in the chain can also no longer pay their own suppliers. The result is a chain reaction of insolvency that ripples across the supply chain.
Red Flag Alert helps construction companies to avoid this fate by providing an early warning if customers face financial difficulties.
Our database has over 100 data points on every UK company. This information is updated in real time.
Set up real-time alerts and you’ll know immediately if your customers’ financial positions deteriorate.
We’re not just the world’s leading business database.
Our AI algorithm uses 25 years of UK company data to accurately predict which businesses are at risk of insolvency.
We often spot risks that our clients miss.
Here are some of the financial risk factors you can be alerted to.
Red Flag Alert can also be used to help construction companies make their sales prospecting more efficient.
Red Flag Alert offers several benefits to construction sales teams:
Our data, algorithm and real-time alerts make a powerful combination.
They help protect your company from risky clients. Request a free trial and discover our platform for yourself.