|
archived news blog
July 2010 (49)
June 2010 (61)
May 2010 (51)
April 2010 (46)
March 2010 (60)
February 2010 (45)
January 2010 (47)
Credit rating 'problems' for smaller businesses. Pearson May News Update - Tuesday 30 June
- Credit rating 'problems' for smaller businesses
- Government plans capital fund for small hi-tech firms
- Credit rating 'problems' for smaller businesses
- Government plans capital fund for small hi-tech firms
Credit rating 'problems' for smaller businesses
Well over a half of the UK’s smaller firms have credit ratings that could adversely affect their ability to raise finance.
That was the claim made by a leading credit risk management agency following its latest survey of the creditworthiness of SMEs.
Graydon UK used their credit scoring system to analyse three million SMEs and found that 60 per cent were assessed as high risk or above normal risk.
Only 13 per cent were ranked as low risk.
Martin Williams, the managing director of Graydon UK, said that the recession had had an obvious impact on the credit ratings of many small firms but added that just as much damage has been inflicted by the absence of relevant information on the financial performance of those businesses.
Mr Williams said: “This lack of data is known to damage companies’ credit scores just as it does with personal credit scoring.”
Business General
This section contains a host of advice and information on a range of business matters, from insuring your
business to dealing with employee absence. Simply visit the topics listed below for further information,
ideas, tips and strategies on how to take your business forward.
Click here for more information
See What's On Our Site
Our site also contains:
- A huge database of business information
- Your portal to the web with our powerful search facilities and Links section
Home | Contact Us | Recruitment | Services | News | Knowledge Centre | International
About Us | Companies House Search | Links | Search | Register | Logout
Terms
and Conditions
Technical Problems - email service@pearsonmay.co.uk
Copyright © 2009 Pearson May. All rights reserved.
