Covid 19 Status

In line with HM Government requirements to fight the spread of Covid-19 we have measures in place to ensure that we protect our staff, their families and the wider community, but also to ensure that there is minimal disruption to our customers.

Your access to online Multi Agency Credit Reports, Expert Help and Account Management remains unaffected. We take great pride in the support that we provide to our customers and throughout this period will do all we can to minimise the impact on our services. While the country remains in lockdown we will continue to support your queries via a dedicated and experienced team that will be securely working from home, and supported by a Management Team that will continue to be based at our head office and who will be able to provide customer support as required.

The security measures that we have in place to protect your Personal Data, in line with our Privacy Policy, will mean that some elements of our personalised support are affected during this period as our support team will be working with anonymised data when working remotely. Freephone access to our Credit Analysts has been removed during this period while we focus our efforts on continuing to reply to all of your emails and secure messages within one working day.

Thanks for your understanding, and we hope to have full customer support available as soon as possible and wish you well during these challenging times.

Depreciation

What is Depreciation?

Depreciation is the term used to describe the decrease in value of property (for example, your house) or some other asset (for example, your car).

Causes of depreciation are varied and can include a number of factors such as: natural wear and tear, obsolescence of the product or even simply the appetite of the market. Most assets, say, a car or a house, will never have the same value throughout its lifetime.


Q: What is the difference between depreciation and amortisation?

A: Depreciation deals solely in tangible assets, such as a car or house, whereas amortisation looks at the cost over something intangible that’s bringing in money (such as a patent which expires after a set period ).

Q: How is it measured?

A: The way depreciation is calculated is not hugely scientific: it is effectively the value of an asset at its current market value compared to when it was purchased new. For example if you bought a car new for £15,000 and when you come to sell it in a few years’ time it is only worth £8,000, it has depreciated by £7,000.

Jargon Buster

Use the links below and the resulting list of terms on the right to locate the term you are looking for. If you can't locate it, please get in touch.

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