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Business Status Monitoring Ė FAQís


What is Business Status Monitoring?
What is the scope of the changes that are monitored?
Why should I monitor my business?
Iíve heard a lot about corporate ID theft and fraud; can Business Status Monitoring help with this?
How much will Business Status Monitoring cost me?
Iíve seen similar services elsewhere, why should I use this one?
Doesnít a third-party need my permission to access all this information?
Will Business Status Monitoring, monitor both incorporated and unincorporated business?
What if Iím away, can I divert emails somewhere else?
 
What is Business Status Monitoring?
 
This service will monitor UK businesses for daily changes in key business data and email these changes to your desktop.
 
Information is drawn from credit agencies, the Courts and Companies House.
 
What is the scope of the changes that are monitored?
 
A full list of changes monitored are listed below;
 
Limited Companies
  • Credit Limit Decrease
  • Credit Limit Increase
  • New CCJ lodged
  • CCJ satisfied
  • Change of Registered Address
  • Change of Company Name
  • Change of Company Director/Secretary
  • New Mortgage Information
  • Mortgage Satisfaction
  • New Major Shareholder
  • New Credit Report
  • Percentage change in Shareholders
  • Annual Accounts/Return
  • Image available
  • Administrative Receivership
  • Liquidator Appointed
  • Meeting of Creditors
  • Wind-Up Petition
  • Wind-Up Order
  • Wind-Up Petition Dismissed
  • Receiver Appointed
  • Other Gazette Information
  • Positive & Negative Credit Community Data

 
Non-Limited Businesses
  • Detrimental Information
  • Credit Limit Decrease
  • Credit Limit Increase
  • Other Gazette Information

 
Why should I monitor my business?
 
You know your business, but how do others see it? Would you know if incorrect information about your business was in the public domain?
 
Your customers, suppliers and competitors monitor your business for signs of financial changes or unexpected activity. An indication of any of these could have a detrimental effect on your business.
 
Your business must respond quickly to counter any possible concerns and must look from the outside in to see the perspective of others. Concerns must be dealt with quickly and effectively. The advice line can assist with this.
 
Iíve heard a lot about corporate ID theft and fraud; can Business Status Monitoring help with this?
 
There are no guarantees but many examples exist of Business Status Monitoring helping to identify this by highlighting unexpected changes in business details.
 
How much will Business Status Monitoring cost me? 
 
Businesses can be monitored at a cost of £15.00 per five businesses. Larger numbers can be monitored at a discounted rate.  
 
Iíve seen similar services elsewhere, why should I use this one?
 
Unlike others there is no need to logon or to go online to receive information. Once youíve registered, your email alerts will contain all the information that you need to know about changes that are identified.
 
Add to this the advice line providing guidance on and solutions to changes identified, you soon see that there is little to compare.
 
Doesnít a third-party need my permission to access all this information?
 
No, all information is in the public domain.
 
Will Business Status Monitoring, monitor both incorporated and unincorporated business?
 
Yes, it will. By virtue of its registration at Companies House there are more changes that can be monitored for an incorporated entity.
 
What if Iím away, can I divert emails somewhere else?
 
We can send the email alerts to up to five addresses, so alerts should never be missed.
 

 
Contact details;
 
08450 262 555
Simply click here to email us
support@wk5.com