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.

Z Score

What is the Altman Z-Score?

A Z-Score (sometimes called the Altman Z-Score) is an early form of credit scoring developed in the US to predict company failure. The Z-Score was devised in 1968 by Edward Altman, a financial economics professor at the Leonard N. Stern School of Business at New York University. A set of five common financial ratios are combined in a weighted system to statistically asses the likelihood of a company going bankrupt within two years.

The score was originally developed for the manufacturing industry, but was then expanded to cover all business types. A precursor to the Credit Scoring techniques used today which are used to predict the likelihood of someone defaulting on a payment, the Z-Score is now rarely used, but is still widely known.


Q: Is it still used?

A: Very rarely, for the most part they have been replaced by the credit scores used widely by lenders. Some businesses find that other scoring models better suit their needs, as there are now many more variables to consider.

The Z-score is often cited as being one of the quickest and simplest methods for predicting corporate bankruptcy, making it one of the most widely understood and used models.

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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