2 min read
What goes into it
Credit reference agencies build a business credit score from how promptly you pay suppliers and lenders, public records (Companies House filings, CCJs), how much credit you use versus your limits, and the age and profile of the company. Different agencies weight these slightly differently, so scores can vary between them.
How to improve it
Pay suppliers and lenders on time, file your accounts and confirmation statement promptly, keep credit use well below your limits, and correct any errors on your file — the credit-score check shows how. Improvement is gradual but real. A stronger score widens your borrowing options, though Credicorp still weighs current trading, so a thin score won't rule you out.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
How quickly can I improve my business credit score?
There's no instant fix, but consistent on-time payments, prompt filings and correcting errors improve it over months. It's a gradual build — start now and the trend rewards you when you next need to borrow.
Do all lenders use the same score?
No. Different credit reference agencies calculate scores with different models, so your score can vary between them. Lenders also apply their own assessment on top, weighing recent trading and affordability alongside any score.
Related reading
What is a business credit score?
A business credit score is a rating of how reliably your company repays what it owes, built from filings,…
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What is a CCJ and how does it affect borrowing?
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Read →How do I improve my chances of a business loan?
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Read →Do business loans affect my personal credit score?
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.