One of our clients recently avoided opening a new credit account after carrying out a Full Company Credit Report through the Credit Control Room Portal.

The Full Company Credit Report contained a recommended credit limit of £5,000 per month based on the latest financial information available. However, the accompanying search of the NPD Credit Information Database revealed that the company had been placed On Stop by another supplier just a few hours earlier.

Having considered both sources of information, our client decided not to offer credit facilities.

This was not a criticism of the Full Company Credit Report. Quite the opposite.

Full Company Credit Reports remain one of the most important tools available to credit professionals. They bring together a wide range of financial and commercial information, including published accounts, Companies House records, County Court Judgments, insolvency information and other public data, enabling businesses to make informed credit decisions.

The financial information contained within those reports is, however, historic by nature. Published accounts are often many months old before they become available, whilst County Court Judgments and insolvency proceedings usually represent problems that have been developing for some considerable time.

The NPD Credit Information Database was designed to complement Full Company Credit Reports, not replace them.

Rather than producing opinions or credit recommendations, the NPD Credit Information Database collates information from a wide range of sources, including our own Debt Recovery and Credit Investigation Departments, businesses using the Credit Control Room Portal and other commercial intelligence gathered during the course of our investigations.

Information is cross-referenced using company names, trading names, trading addresses, registered office addresses, telephone numbers, named individuals and company directors. This enables related information to be linked together, often identifying patterns, connections and potential risks that may otherwise remain hidden.

That information may include companies being placed On Stop, debt recovery activity, emerging payment problems, phoenix company connections, pre-pack administrations, recurring director links and other commercial intelligence that helps build a more complete picture of a business.

The NPD Credit Information Database does not produce credit scores, recommend credit limits or tell businesses whether they should trade with a company. It simply provides additional information alongside a Full Company Credit Report, allowing each business to make its own informed commercial decision.

In this case, that additional information made all the difference.

Why a Full Company Credit Report Is Only Part of the Picture

The Credit Control Room is the online Pay As You Go Credit Control Portal from NPD & CO.

Whether you need a Full Company Credit Report, access to the NPD Credit Information Database, want to create Late Payment Invoices, or send professionally issued legal stationery from Gentle Reminder Letters and Final Demands through to Letters Before Legal Action, it’s all available online.

If your own credit control procedures and our legal stationery fail to secure payment, you can instruct our specialist No Recovery – No Fee Commercial Debt Recovery Department directly through the Portal. Throughout every case, all monies recovered are paid directly into your own bank account, giving you complete transparency and control over your funds.

No Contracts. No Monthly Fees. Simply Pay for the Services You Use.

To register for your Pay As You Go account, visit www.creditcontrolroom.com/register, email info@creditcontrolroom.com or call 020 8665 6666.