Tag Archives: company information

Company information: Bizzy for UK company data and credit ratings

There are numerous services that take UK Companies House data and repackage it. Some of the data is offered free of charge but more detailed information and additional analysis such as credit reports are priced. bizzy (http://www.bizzy.co.uk/) is one such organisation but uniquely it also offers free credit ratings for many UK limited companies. (Note that it is the overall rating and not the full report that is available free of charge.)

To search bizzy simply enter the name of a company and bizzy presents you with a list of likely matches. Click on the company you want to view and as well as documents available for purchase you can see free of charge the names of the directors together with a list of the other companies of which they are directors, industry sector, date of incorporation, registered address, and a list of competitors and peers.

Bizzy Report on Thorntons

To see the credit rating of the company you have to register with the site. Ordinary registration is free but there is also a bizzy PLUS account (£9.99/month or £99/year). The PLUS account allows you to view credit limits, mortgages and CCJs, includes a Risk Tracker for monitoring companies of interest, and gives you a 15% discount on all purchases. If you have the bizzy FREE account you will only be able to see credit ratings that are from 100 down to 30. Those below 30 show “Not public for this company” for their credit rating. If you have signed up for the bizzy PLUS all credit ratings are displayed.

The bizzy credit scores are as follows:

 85 and 100 – ‘Excellent Creditworthiness’,
70 and 84  – ‘Very Good Creditworthiness’
50 and 69  – ‘Good Creditworthiness’
30 and 49  –  ‘Creditworthy’
15 and 29  –  ‘Credit Against Collateral’
0 and 14 –  ‘Caution – Credit At Your Discretion’

I ran a check on a company for a friend of mine. They had heard rumours about the company and were uncertain as to whether it was safe to do business with them. Would the company go under? There was little to go on at Companies House as the company was filing abbreviated accounts and had not filed documents for the previous year. I used bizzy FREE to run the search and no credit rating was displayed. In order to see how bad it was I bought the credit report (£11.99). bizzy gave the company a rating of zero and the long list of outstanding CCJs for unpaid bills was all the evidence we needed to avoid the company like the plague. (The company concerned has now gone into liquidation).

Official documents filed at Companies House and bought direct from them cost £1 but can be bought via bizzy for £0.99. That is only 1 pence less than the Companies House price and might not be enough on its own to tempt you onto bizzy but the additional free information might. An important part of company research is uncovering what the directors are up to and bizzy makes it very easy to view a list of directorships held by a person. On the Companies House web site this is only possible if you subscribe to the full service rather than the free Webcheck option.

I have found that the information on bizzy is often more up to date than that provided by some of the larger credit rating companies and bizzy covers every UK limited company, even very small ones. I tried searching for three small companies using http://www.do-business.net/sbc, which I have often used in the past, and none of them were in the database.

Bizzy also searches official information and sells credit reports on companies in other European countries. It is not obvious how you do this until you start searching on the company name. Above and to the right of the list of companies on the results page is a ‘Search Country’ box and it is from the drop down menu that you select the country.

Bizzy European Companies

Remember, though, that the amount of information that companies have to disclose varies from country to country and may consist of little more than name, registration number, status and address.

If you are researching UK companies I recommend that you consider including bizzy in your toolkit, but should you go for a FREE or PLUS account? It all depends on how much company research you think you’ll do in a year. If it is just a handful then perhaps the free option will suffice but more than that and bizzy PLUS with its 15% discount and standard display of credit limits, mortgages, and CCJs makes more economic sense.

Free UK company information

One of the most frequently asked questions that land in my inbox is “Where can I find information on [insert company name of your choice]”. The enquiry is often about a UK company and comes from ordinary Joe or Josephine Bloggs who knows nothing about sources of business information. Those of you who, like me, have these resources at our fingertips may roll your eyes heavenwards but let’s heave a huge sigh of relief that these people are bothering to ask about checking up on a company. On further investigation, many of my correspondents admit that they have been approached over the phone regarding a “once only opportunity” involving the company concerned and are suspicious of the offer. Unfortunately, I also receive emails from people wanting to find out about a company after they have parted with their money.

The first port of call for official information on UK companies is Companies House (http://www.companieshouse.gov.uk/). Not every form of company or organisation is required to register at Companies House: for example, in the UK I am a sole trader and therefore do not have to register or file accounts. I have noticed an increasing number of comments on the web and social media from small businesses who have decided to de-register because of  the bureaucracy. The absence of a registration at Companies House is not necessarily cause for concern but then most of us do not cold call people with an “exclusive investment opportunity”! An easy way to check if there is a problem with a company of any sort is to search for them on Google and include scam or hoax in your search. That may seem obvious but so many victims who contact me never considered that strategy.

So if you have been approached by the likes of Trotters Independent Traders ltd. plc go to Companies House and use the free Web Check option which is in the centre panel on the home page.

Companies House

You can search for currently or recently dissolved names, dissolved names, previous names or proposed names. Free information includes name, registered number and address, status (for example active, liquidation), nature of business, date of last accounts. Further information and documents such as accounts and certificate of incorporation are priced at GBP 1 each.

Several other services re-package and sell information from Companies House and in some cases provide some of the additional priced Companies House information free of charge.

Company Check (http://www.companycheck.co.uk/) are part of  UK Data (http://ukdata.com/), which re-sells Companies House documents and provides credit reports. The latter include current and historical credit risk information, director details, ownership and group structure, CCJ information and up to five years of accounting figures including turnover and a profit and loss account if filed. All documents cost GBP 18, which is far more than that charged by Companies House but the credit report may be the better option if you need a detailed report and assessment of the company.

The Company Check free information includes name, registered address and number, telephone number, activity, status, thumbnail of the web site and cash at bank for the last five years. There is also a graph showing the number of website visitors from Compete (http://www.compete.com/), but this information may not be available for smaller companies.

Company Check

Another source of free company information is the SME Hub Company Accounts Information (http://www.thesmehub.com/benefit/accounts). This is available to SME members only but registration is free. The company address is not displayed but there is a link that takes you to Companies House where you have to re-enter the company name to access the data. There is also a link to Credit Safe for credit reports (http://www.creditsafe.com/).

SME Hub Company Accounts

There is a very useful graph showing trends for the company in net worth, cash and total liabilities. The most recent accounts plus a downloadable PDF are also free of charge.

I had problems with the SME Hub when looking at companies that had recently gone into liquidation. Company Check gives its standard information plus the status as “Liquidation” but the SME Hub leaves you guessing by presenting you with an empty template.

Company Check and the SME Hub are quick and easy ways to access the free and some of the priced Companies House information. Company Check offers the Companies House free registration data and five years of cash at bank: the SME Hub provides a trends graph of net worth, cash and liabilities plus latest accounts but no basic contact or status information. Both can alert you to potential problems with a company but, ultimately, Companies House is the place to go for the original data.

Cayman Islands company registry

The General Registry Cayman Islands (http://www.ciregistry.gov.ky/) enables you to order birth, marriage and death certificates and now has a company search option. To gain access to the company search you first have to register (free of charge).  To view records you have to set up an account and deposit US$ 73.18, which is the cost of two company records. You can revisit the results of a search, free of charge, up to 24 hours after performing the search. Results include Company name, File number, Formation date, Registration date, Entity type, Registered Office, Status & Status date.

Many thanks to Suzanne Bartlett for the information and feedback on the service.

GBRDirect – search the European Business Register

If you want to check the credentials of a company then the first port of call has to be the official company register of the country in which the company is based. Many of the registers are on the web and allow you to search and view some of the information free of charge.  (See my own list at http://www.rba.co.uk/sources/registers.htm. Also Company registration around the world and Worldwide registries). This approach does not always yield results and often proves to be more difficult than anticipated. It assumes that the company or organisation is required or has volunteered to register, which is not always the case. For example, in the UK, sole traders do not have to register and therefore will not be found at Companies House. Then there is the problem of navigating a company registry web site that may be in a language other than your own. Even if you manage to work your way through the navigation and search options you will usually find that the data is in the local language. And this all assumes that you know where the company is based; if you don’t you have to trawl through possible registries one by one.

There are many services that provide you with easy search options and access to translated official company information but these can be expensive, and there are occasions when you need to see the original registration documents and filings. One partial solution for Europe is the European Business Register (http://www.ebr.org/). This is a network of many of the European company registers offering a “one-stop-shop” for company information. Access to the register is via “partners” – you can identify the partner for your country at http://www.ebr.org/partners.htm. For the UK and Ireland the partner is the Global Business Register (http://www.globalbusinessregister.co.uk/) or GBRDirect.

Currently GBRDirect connects to the national corporate registries in:

Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Greece,Ireland, Jersey, Italy, Latvia, Luxembourg, Republic of Macedonia, Netherlands, Norway, Serbia, Spain, Slovenia, Sweden, Ukraine, United Kingdom.

In order to use GBRDirect you first have to register and also “top-up” your account using a debit or credit card. All documents are priced and so is a successful search, which costs £1.50. You are not charged for a list of results but as soon as you click on an entry in the list your search is deemed to be successful and you are charged for it. Once on the ‘company’ screen, available documents and their prices are listed. 

GBR Direct Company Documents Screen

Prices vary depending on the type of document you wish to view and the country. A price list and the type of documents available for each country can be found at http://www.gbrdirect.co.uk/GBRDirect%20Pricelist.pdf

As well as a company search you can also carry out a search for company officials in Belgium, Denmark, Estonia, Finland, Greece, Italy, Latvia, Sweden and the UK.

On the plus side this service enables you to quickly search many of the European registers through a single interface. On the down side you still have to know the country in which the company is based and the documents will be in the local language. You may also end up paying for information that is available free of charge direct from the national registry and the European Business Register seems to go down with alarming regularity. About half of my searches failed because “The EBR Service is not available at the moment” and I am finding the down time increasingly frustrating. When it works GBRDirect is an excellent way of searching the EBR but you still need to know the location of the individual country registries in case the service is down and you need documents urgently.

Free Official Swedish Company Information

allabolag.se – Gratis företagsinformation på Internet is a quick and easy way to access basic official information on Swedish companies free of charge. That is the good news. The bad news is that it is only available in Swedish but it easy enough to navigate. On the home page there are two boxes: in the first you can enter a company or a person’s name, whereas the second is for entering components of the address. You can view contact details, key financials and executives free of charge and there is an option to order various reports. If you have the Google toolbar installed in your browser, the ‘Translate into English’ option works well enough to enable you to understand most of the headings and financial items.

Many thanks to Britta Nordström for the information.

Google translation of company information page
Google translation of company information page