Check Business Offering Free Business Credit Scores

An innovative business website has been launched to help SMEs get access to valuable business information without spending much or going through much hassle. Funding Options, the business finance specialist, along with Equifax launched so that any UK business can look up what information is being published about it online.

Most SMEs are not aware of what information regarding their business is being posted online, but via this unique new website they can now see their business image online and then take the proper steps to make sure their online presence is aligned with their business goals.

Check Business provides the facility for small businesses to access credit scores for any UK company free of charge. The free basic membership also means up to three customers, suppliers or prospects can be monitored for any changes in their business credit rating.

With new data* revealing that late payment was a key factor for a fifth of corporate insolvencies last year, this new service is vital for smaller businesses who don’t want to delay signing up new customers with lengthy business checks. It can also help them avoid falling foul of bad debt.

“Small businesses are the lifeblood of the UK economy and we are committed to doing what it takes to help them thrive”, explained Conrad Ford, founder of Check Business. “Anybody can look up a business credit score on It’s freely available and you don’t need to register with the site.”

The easy to understand Check Business credit and risk scores, powered by Equifax, provide insight into the likely risk of trading with a new customer or supplier. The Check Business dashboard includes basic business information and contact details as well as information on company directors – current and previous. This is all available free of charge.

For £25 per month, Check Business users can monitor an unlimited number of customers and suppliers. They can also access detailed financial information, including Companies House and CCJ information, on as many companies and sole traders as they wish.

“Credit information is used extensively by larger organisations, but small business owners typically aren’t credit control specialists”, continued Ford. “It is, therefore, more likely that they will take a risk signing up a new customer without doing checks. But this could cost them in the long-term.

“With Check Business, small businesses have a new way to get the information they need to assess a trading partner, understand their own credit profile and even generate lists of sales prospects. It’s specifically tailored for how SMEs use online services and is a new way of providing vital insight on partners, suppliers and customers to the businesses who need it most.”

With many UK businesses relying on trade credit, the insight delivered by Check Business means SMEs can prioritise their credit control resources on the customers that are showing signs of financial stress, as well as identify those likely to be receptive to new sales and marketing offers. Check Business also connects with accounting software packages such as Sage, Xero and FreeAgent so that cloud users can gain valuable additional insight into their debtor book.