Product & Data

Released: February 2024

Users of Brazilian Business Reports will see an increase in the number of data fields available and greater availability of data values for these reports.

How will Brazilian Reports change?

• New datasets - across contact information, extended group structure details providing a few of the corporate hierarchy, negative data and other information for Brazilian companies.
• New Probability of Default - a Probability of Default estimate in percentage form.
• Renamed datasets - some datasets will be renamed to improve clarity for users.
• Removal of maintenance window - Brazilian reports will now be available at all times as there will no longer be a daily maintenance window.
• Employee Numbers - Number of Employees - since May 2023, we have provided financial data for the largest Brazilian companies. The financials provide a better understanding of the company size than the employee number.
• Additional information - Update Date - this indicates the freshness of the report.

Released: January 2024

Equifax has recently added a new value called 'NA' (Not Available) for companies that cannot be scored due to being government entities or not having enough information to score them. This change enables us to accommodate this new value and improve the accuracy of our scoring system.

The change has updated the format of the following:

• Business Failure Risk Score (BFRS)
• Business Failure Risk Score (BFRS) Risk Class
• Commercial Delinquency Score (CDS) Risk Class
• Number of Loans

Released: December 2023

Creditsafe now hold the financials covering all 21,000 Australian Limited businesses who are required to file. In addition, we have also launched Australian Group Structure data, allowing you to explore corporate hierarchies for Australian businesses.

This enhancement provides over 180 new data sets, enabling you to make even stronger business decisions when trading with Australian businesses. If you are already a subscriber to Australian reports, you will automatically gain access to this new financial and group structure information.

Creditsafe CEO, Cato Syversen, recently sat down with Patrick Coghlan, CEO at CreditorWatch, to discuss how our organisations are working together to deliver greater commercial insights across Australian businesses.

Released: December 2023

We have updated the number of addresses available in the address link search function within our consumer reports, now allowing you to select 2, 5 or 10 linked addresses from the drop down menu.

You can also now set the default number of address link searches in settings.

Released: November 2023

We have removed the 'Odds Of Failure Ratio' from our Dutch business reports. As a legacy indicator, the Odds of Failure ratio has been replaced by our Probability of Default (PD) percentage, which is being rolled out across each country that Creditsafe scores businesses in.

The decision to remove the Odds of Failure was made to prioritise Probability of Default as a single standard datapoint that offers international comparability across multiple regions.

The Probability of Default percentage indicates the likelihood that a business will go bankrupt in the next 12 months. 

To learn more about our new Dutch scorecards, watch the on-demand webinar below.

Released: November 2023

When a company shows a pattern of potential irregular activity or has noteworthy organisational changes, you need to assess if there could be an impact on your business.

With Creditsafe’s Exceptions, you can quickly identify out-of-the-ordinary company events that may have a negative impact on your operations and need further investigation. This could include director failures, dissolution, or duplicated accounts.

Exceptions are updated daily from official global and local sources and are classified as general or high-level.

Released: November 2023

The GraydonCreditsafe scorecard has been updated and predicts the likelihood of a business becoming insolvent over a 12-month period, based on a set of unique characteristics.

From micro-entities to large multi-national companies, the factors that influence or are indicative of a business’ failure vary across businesses of different sizes and industries. The enhancements to our Dutch scorecard have been made to reflect current risk factors and there will inevitably be shifts in company scores, probability of defaults and recommended credit limits.

Using more predictive variables in our new Dutch scorecards means that we achieve greater predictability of business default. With a better assessment of each company’s circumstance, we are able to grant a more realistic and robust scores and limits.

To learn more about our new Dutch scorecards, watch the on-demand webinar below.

Released: November 2023

Our New Zealand business reports have been enhanced, allowing you to access even more information than before.

What changes have been made?

• Addition of new datasets - including new activity information, shareholder & director details, payment data, negative information and more. These changes double the number of available fields for New Zealand businesses.
• A new primary key for Business IDs - the New Zealand Business Number is now the primary key for New Zealand businesses. The Business Number covers limited companies, government entities and sole proprietors, offering better business identification compared to the previously used Registration Number which only covered limited companies.
• Improved data quality - delivered via existing fields, enhancing the freshness of these fields.
• A new enhanced scorecard - we have moved from 0 - 100 to a 0 - 1000 score range.
• A revision of Credit Limits - with the addition of enhanced payment data, you will experience an uplift in the credit limits for most businesses across New Zealand (in the absence of payment data, a credit limit will not be provided).

Released: October 2023

Do you want to stop monitoring alerts for companies you no longer want to keep an eye on? Check out our helpful guide on how to delete companies or portfolios from our Global Monitoring tool.

Released: September 2023

Recent updates have been made to our UK and Irish data including:

• Non-Ltd Legal Forms - any non-limited reports that were missing a legal form have been marked as 'Other'.
  
  
• CRO Document Type Code - new CRO document codes have now been added to company credit reports.
  
  
• Accounts Due Date added to the Summary page - the next accounts due date for UK and Irish companies have been added to the Summary page on company credit reports.
  
  
• Addition of Register of Overseas Entities - we have now obtained the Register of Overseas Entities, which forms a key part of the Government's strategy to tackle global economic crime. This information has now been incorporated into our platform and each overseas entity has been assigned a report.

Released: September 2023

Users can now access a PDF history of reports viewed via Products & Services in their Account Settings. Access up to the last 55 reports viewed of individual companies, download copies, or export a list for a paperless audit trail.

Archive PDF is available on request, please contact your Account Manager.

Released: July 2023

Our international coverage has just got a whole lot bigger with the addition of new countries to our online instant reports database.

With the introduction of 37 new Latin American and Caribbean countries, you can now access over 430 million reports across more than 200 countries and territories.

Whether you are considering expanding your business internationally, establishing partnerships abroad, or simply looking to gain insights into the creditworthiness of potential clients or suppliers overseas, our Worldwide Package can be an invaluable resource.

Released: February 2023

Gain a greater insight into a company's performance with three new indicators now available on the updated Scores and Indicators tab on Creditsafe reports. 

The Financial Strength Indicator uses a number of key ratios from the company's latest financial statements to understand the strength of the company's financial position.

The Payment Behaviour Indicator measures how quickly a company pays its invoices and is a weighted DBT based on invoices within the last 12 months, rather than 36 months of data utilised to generate the Creditsafe DBT.

The Payment Expectation Indicator measures the likelihood that a company will become delinquent in paying its invoices over the next 12 months.

Released: February 2023

The Estimated Turnover Indicator can now be found on UK and Irish reports for companies who file financial statements but have not disclosed a turnover figure in their income statement. The estimates are calculated by using key figures from the company's balance sheet and ratios from the accounts of other companies that operate in the same industry sector.

Released: January 2023

Experience a consistent and improved user experience with 137 international data reports now available in our new platform layout. Stay tuned as we look to launch more countries online this year.

Released: November 2022

Three new datasets have recently been added which can provide early indication of a company's potential failure. 

In the Negative Information tab, Deliberate Tax Defaults are now available, and HM Court Applications (Notice Of Intention) and Initial Stage Petitions can be found within HM Court Notices.

The HMRC publishes details of deliberate tax defaults where a company has received penalties for deliberate errors in their tax returns or deliberately failing to comply with their tax obligations. This information will be displayed on the company for a maximum of 12 months from the publish date.

HM Court Applications appear on a report where a company has applied for a moratorium to the Courts. The moratorium gives struggling businesses a formal breathing space to pursue a rescue plan, during which no legal action by creditors or any other parties can be taken against a company without leave of the court. Over 80% of all HM Court Applications received result in an insolvency.

Initial Stage Petitions (Winding Up Petitions) are petitions filed at the Courts and not yet advertised at the Gazette or have not made it to an official court list. In these instances, an application has been made by creditors to the court to wind up a company that owes them money. 

In many cases, this information is not available in the public domain and can appear up to two weeks prior to any official notices being published at the Gazette. 

Companies with this negative information will be shown on the banner at the top of their report, where you can click on View More for more details.