2 min read
What it means
Agencies build a business credit score from your filed accounts, payment behaviour, any CCJs or defaults, age and sector, and how much credit you use. It summarises your creditworthiness in a number.
Why it matters for your company
Lenders lean on it, so a stronger score opens more finance and better rates. You can improve it with on-time payments, timely filings and a clean, error-free file. See improving creditworthiness.
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 do I check my business credit score?
Through agencies like Experian or Creditsafe. Checking your own file is a soft search that does not affect the score, and it lets you catch and fix errors early.
What lowers a business credit score?
Late payments, overdue filings, CCJs or defaults, and high credit utilisation. Consistent good behaviour reverses the trend over a few months.
Related reading
How do I improve my business credit score?
Pay on time, file accounts early, correct any errors on your credit file, and keep credit utilisation…
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Can I borrow if my business has a CCJ?
A CCJ makes borrowing harder but not always impossible — lenders that assess the whole picture can still…
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How do lenders decide if I can afford a loan?
Lenders test affordability by checking whether the cash your business generates can cover the new repayments…
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Do business loans affect my personal credit score?
Usually no — a loan to your limited company does not appear on your personal credit file, provided there is…
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.