Is your company at high risk of failing a vendor
vet?
Strangely enough most of the Managing Directors we meet with had a view on
this which changed once we showed them how their own company was being perceived.
According to Companies House Annual Report 2004/2005 they satisfied the equivalent of
3.7 Million enquiries from companies wishing to assess others.
The major Credit Reference Agencies in the UK handle an estimated
9 million status enquiries per year on the UK Business population.
Our estimate is that each actively trading company in the UK probably has
their corporate file assessed an average of 3 times per month with some large
corporate files being assessed several hundred times per year.
Who is making these searches ? Credit Vetting enquiries take up the bulk
but more and more of the larger UK companies and various government units use
the same files to Vendor Vet.
It is very important that you know what is being listed about your company.
Answer yes to any of the questions overleaf and your company is at
high risk of being perceived poorly and that can undermine your sales effort
and damage your business.
Get your Business Review File free from your Local Penman Strategic Business
Support Manager. Trained and Accredited by Penman - these business experts will
help you to optimise your Corporate File free and have the experience to help
with most business challenges.
E-mail Morag
for your free meeting
