We have created a partnership with Lightbulb Credit to create our Business Credit Rating Advisory service to help businesses improve their credit scores, overcoming a range of problems as well as unlocking opportunities to support growth.
Sector
Engineering
Headlines
- Recently sold business experienced a slump in ratings
- Their overall risk banding dropped due to director changes and shareholder volatility
- The drop in ratings was impacting key supplier terms and operational capabilities
The situation
This specialist auto engineering company was recently sold for c£180m and immediately after the sale experienced a slump in their ratings. This can be a common side-effect after the completion of a sale and was caused by the new company information filed on director changes and shareholder volatility. Their overall risk banding had moved to “high-risk” prompting several key suppliers and customers to become concerned about the stability of the business.
What we did
In just three days Lightbulb Credit improved the overall risk banding of the business back to its pre-transaction level of “low-moderate”, enabling the onboarding of new suppliers and the ability to acquire new company vehicles. By engaging directly with the agencies, Lightbulb Credit enabled the acquired entity to receive the full benefits of the financial and structural strengths of the original business.
The outcome
Restructuring a business can have a negative impact on ratings, and without any intervention in this situation their scores would inevitably have dropped, impacting the value of the business. By leveraging credit improvement, they were able to avoid any decline in their scores and maintain the viability of their plans to continue dominating their operating sector and winning more high-value tendered projects.
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Corporate credit improvement service
Our credit improvement service provides businesses with a solution to improving their trade credit rating. The process is simple and fast, with improvements regularly achieved in a matter of days. The service is also completely risk-free as the business only pays on agreed results and clients have the reassurance that all cases are handled with complete confidentiality.
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