From December 2019 a new scorecard and limit strategy will be implemented for Creditsafe UK. Applying advanced analytical techniques, we have upgraded the company scoring algorithm that predict which businesses are likely to fail within the next 12 months .
At Creditsafe we are fortunate to have an extensive and ever growing database of up-to-date UK company information. As we expand and increase the wealth of data we hold, we must evaluate whether this data contains information that is indicative of company stability or future insolvency. We must also re-validate whether previous indicators of future insolvency or stability remain true. In both cases, it is likely that adjustments to the scorecard will be needed to improve predictability.
Thus when developing a new scorecard there will inevitability be some shifts in company scores and limits. These shifts can happen for a number of reasons, therefore, we recommend reading the full scorecard guide and visiting the commentary on the company credit report for further information.