November 22nd, 2019.


Although most people are aware that credit reference agencies actively collect data on all individuals, many business owners are unaware that these same agencies also check the creditworthiness of their company. But realising that your business has its own credit rating means that you are already ahead of many UK SMEs.

Establishing good business credit is vital if your SME is to thrive. Not only does it impact your ability to get the best deals from suppliers, but it can also hinder the chances of securing the external funding your business needs to achieve its ambitions. However, with an ever-growing to-do list, it’s all too easy for business leaders to forget about the importance of business credit ratings and their impact.

Similarly, putting an emphasis on good financial responsibility is crucial for businesses keen to establish a positive reputation among its customers, lenders and suppliers.

The good news, however, is that improving your business’s credit rating doesn’t need to be difficult and there are some simple measures you can take:


For the full sotry at growthbusiness.co.uk CLICK HERE.