Dyke Yaxley, a member firm of The Corporate Finance Network, with offices in Shropshire and the United States, has supported their client in the printing sector through a Credit Review Service, resulting in a huge injection of working capital.
Led by Cian Iddison, the Credit Review Service is offered to clients in partnership with Capitalise, and provides a route for companies to have their credit score re-calculated by Experian.
Often Experian don’t have the full information available about the company when it assesses the credit risk of businesses. The Credit Review Service allows the company to manually submit further information which is not in the public domain. This provides evidence to support its credit worthiness and allows Experian to provide a new credit score.
The original credit score was 74/100 and it was increased to a fantastic 94/100. The associated recommended credit limit for this company was originally £46,000 for each supplier and after the review it almost doubled to £85,000.
Therefore with this new score and limit available to be viewed in the market, the company’s management team now potentially has access to significantly greater cashflow via their supply chain, enabling them to make more confident decisions around growth and investment.
