Industrial / Provident Companies are not required to file financial information at Companies House and therefore our analysts do not have access to the financial information in order to provide a rating and limit.

IPs (industrial and provident society) companies are organisations conducting industry, business or trade, either as a co-operative or for the benefit of the community, and is registered under the Industrial and Provident Societies Act 1965.

The FSA (formerly FCA) is the registering authority for societies which register under the Industrial and Provident Societies Act 1965 (I&P Act 1965). This registration function is separate from their role as regulator of the financial services industry in the UK, as provided by the Financial Services and Markets Act 2000 (FSMA) and the statutory instruments made under FSMA.

These Industrial / Provident Companies will register their incorporation with Companies House however they are have not required to adhere to the same filling regulations as a normal limited business. As we have mentioned above the these type of corporate bodies file at the FSA and Creditsafe does not source data from the FSA only Companies House for limited businesses. We hold a record in our database as the company is registered at the point of incorporation at Companies House, however we are unable to rate the company unless they file financials through Companies House.