Types of risk
High To Severe
Risk Bands 1 – 3
Average to Moderate
Risk Bands 4 – 5
Minimal to Low
Risk Bands 6 – 8
What makes up the risk score?
Key contributing factors (not limited to) that frame a risk score are as follows:
- The type and frequency of credit enquiries
- The time since a business/company made or changed its registration
- Credit activities including credit enquiries or adverse information of the business proprietor
- Existence of default information on a company file
- Credit source enquiries that a company makes may impact its trade history
- Serious adverse event information recorded such as a previous external administration or other serious adverse events on file
- Industry based enquiry patterns
- Director information and credit activity of a company director such as credit enquiries or adverse events
How we can minimise your risk
Action: Stabilisation
Likelihood: Wind up notice, court writ, payment default, mercantile enquiry
Immediate Future:
Rapid assessment, quick win strategies, full situational analysis to prioritise action plans
Action: Business Improvement
Likelihood: Potential to slip into high risk if no immediate action taken
Immediate Future:
Address operational inefficiencies, missed market opportunities, people/tech issues, work on add value options
Action: Efficiency & Value Enhancement
Likelihood: Overcome challenges & grow/succeed
Immediate Future:
Further enhance operational efficiencies, growth in new markets/locations/services. Potential M&As, profitability focus, succession planning