As part of assessing your limited company or LLP, we look at business credit information. This helps us understand the commitments your company already carries and how it has handled credit in the past.
What a search tells us
- Existing finance and the obligations behind it
- How reliably past commitments have been met
- Public information filed about the company
How it shapes the offer
A strong track record gives the assessment more confidence, which can support a larger amount or a wider choice between Flex and Slice. Signs of strain may lead to a smaller offer or a referral for a closer look. No single entry decides the result on its own.
Searches and your record
We will tell you about the type of search we run before we run it. Business credit checks are recorded against the company, not against any director personally, and we never take personal guarantees.
Credicorp is an exempt business lender. The Financial Ombudsman Service and FSCS do not cover this borrowing.
See also: How existing debt affects the decision, Can a company with arrears elsewhere still apply? and Does my company's filing status at Companies House matter?.