Company liquidations up 39% since 2008

Today, 192.com, the UK’s leading people, business and place finder, announces the addition of Company Credit Reports to its new website making it the first directory to provide direct access to company credit risk scores online.

The government's Insolvency Service released figures on Friday that company liquidations are 39% higher than the same period last year * and that the overall rate of company insolvency is expected to increase over the coming months. Company credit reports are an ideal tool to help understand the financial position of any company you’re doing business with whether it’s customers or suppliers.

Visitors to the 192.com site can now access a company’s credit report from most business search results or directly through a dedicated portal, www.192.com/creditreports/. These company credit reports, available for over 1 million businesses, detail a company’s credit risk score, recommended credit limit, recorded county court judgements (CCJs), current and previous directorships, cash flow ratios, balance sheet, profit and loss account, and company and industry growth rates.

Businesses and people using the service can also monitor companies they are particularly interested in by setting up free email alerts if the status of a company changes. Changes could be to the accounts, directors or credit risk score including CCJ’s.

Dominic Blackburn, Product Director 192.com says “In the current climate, businesses simply cannot afford not to get paid by clients or do business with suppliers that face liquidation. Whether you’re taking on new business or concerned about existing companies you’re doing business with, reviewing their full credit history will give you more peace of mind on their financial status. We’re pleased to be offering information that’s generally only accessible by big business to small businesses and consumers alike.”

192.com has approximately 4.5 million listings in its Business Directory with direct access to over 1 million Company Credit Reports and 4 million Director Reports. Reports. Company Credit Reports are available from £8 + VAT.

To try Company Credit Reports visit www.192.com/creditreports/