Why did the score drastically change in 2019?

Created by Katie Deverill, Modified on Wed, 19 Oct, 2022 at 6:13 PM by Katie Deverill

From December 2019 a new scorecard and limit strategy will be implemented for Company Check's UK reports. Applying advanced analytical techniques, we have upgraded the company scoring algorithm that predicts which businesses are likely to fail within the next 12 months .

At Company Check we are fortunate to have access to an extensive and ever-growing database of up-to-date UK company information. As we expand and increase the wealth of data we hold, we must evaluate whether this data contains information that is indicative of company stability or future insolvency. We must also re-validate whether previous indicators of future insolvency or stability remain true. In both cases, it is likely that adjustments to the scorecard will be needed to improve predictability.

Thus with a new scorecard, there will inevitability be some shifts in company scores and limits. These shifts can happen for a number of reasons, therefore, we recommend reading the full scorecard guide and visiting the commentary on the company credit report for further information.

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