Graydon UK has announced the launch of its 'next generation' commercial credit report with all additional information to be included in its Level 3 report now incorporated as standard.

Customers receiving Level 3 Graydon commercial credit reports will now be able to see:

• Payment behaviour indicator - assessing how quickly they are likely to be paid
• Odds of financial stress over the next 12 months - indicating if the company is likely to fail or experience severe financial stress within the following year
• XSeption flags that identify unusual business behaviour - as unusual patterns on the company may indicate possible fraud

Martin Williams, Managing Director, Graydon UK comments: "Credit scores in this country do a sophisticated job at predicting whether a business will fail or not, but credit managers need much more than this. Perhaps the biggest problems facing UK companies today are getting their invoices paid on time and avoiding fraud – Graydon’s new and unique payment indicator along with XSeption help answer those vital questions."

• Payment behaviour indicator
The Payment Indicator uses all payment information available to Graydon including aged debt data, payment performances from financial statements, industry averages, CCJs, trade references and other adverse payment information. Each element is assessed for its currency and relevance to a company size and then combined to create an overall payment behaviour indicator. If the indicator lies in the 'Good' zone the subject is likely to pay invoices on or near to due date; in the 'Normal' zone the subject may need chasing from time to time; in the 'Poor' zone stricter payment terms and close supervision of the account is recommended.

• Odds of financial stress
Increasingly, suppliers like to know the likelihood of a potential or existing customer going into liquidation or being dissolved. Graydon's alphanumerical rating is an assessment of businesses creditworthiness for short-term credit decisions. To complement this we have added the likelihood of a company experiencing financial stress over the next twelve months for example Dissolution, Liquidation, Receivership, Petition for Winding-up, Resolution for Winding-up, Winding-up Order, Creditors’ Meeting or Administration.

• XSeption flags
Graydon's XSeption marker flags patterns of business activity that may, in some cases, be worth looking into. Typically, up to 3-4% of UK businesses exhibit signs of 'unusual' corporate activity. Some turn out to be quite innocent; others may spell danger to suppliers. XSeption hunts for the unusual behaviour that suppliers need to know before making any decision, such as companies who have filed absolutely identical accounts to another company or that they have had multiple address changes within the last 12 months. XSeption helps improve the quality of credit decisions by consolidating information, and more importantly - detail, some of which clients wouldn’t have known was relevant to their risk decision.


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