How can I protect my business credit rating

As with your personal credit rating, your business credit rating should be something you consider regularly. A poor credit rating could impact your ability to raise finance, the credit terms you’re offered, or even the suppliers that will deal with you.

Here are some things you should consider:

Paint a positive picture – By delaying a dividend, or collecting payment early, you may appear to end the year in a slightly better financial position.

File your company accounts on time and in full – Whilst early filing won’t help much (apart from appearing well organised), filing them late has a substantially negative impact.

Limit credit applications – If you’re looking at funding, or applying for credit, make sure you discuss it with a funding expert. Not only will you waste time completing the forms, but you could be harming your credit rating with each application.

Avoid, or deal with any County Court Judgements – If you find yourself with a County Court Judgement try and clear it, or seek professional advice immediately. If someone is performing a credit check and a CCJ is on your record, they will be alarmed.

Keep one eye on your score – There are methods (some free), which allow you to review your credit rating and receive notifications when it’s impacted. We strongly recommend reviewing it each quarter, or before significant events, to ensure you’re presenting yourself in the best light.

Whilst your credit rating may not suddenly improve overnight, it’s something that should be on your agenda to slowly improve your rating.


This article is for general guidance only. It provides an outline, and may not include points which are important to your situation. You should not depend on this blog without taking advice based on the full facts of your case. The information given was correct at the time of publication.

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