The Importance of Getting your Business Facts Straight

OlufisayoJuly 12, 20120767 views

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Having access to reliable information about a company is vital: a companies house web check via Duedil, along with a little manual research, can be enough to make or break a business deal, but it can also do so much more.

Read on to find out who should be getting the full story when researching a company and how it can affect their relationship with companies and potential business partners.

If you’re a worker looking to sound out a potential employer, a companies house web check is one of the most reliable ways to find out if the company you are considering working for is for you.

Not only can you uncover the details of past accounts, the average size of the organisation and who its directors are, it may also uncover information a company might seek to hide from you, such as litigation or debts. Not only that, but once you know who the company’s directors are, you can do further research into their backgrounds too, allowing you to decide whether or not they are the sort of people you’d want to be working for.

For entrepreneurs wanting to be sure of their business partner’s credentials, enterprise tools can give you peace of mind, or stop you from involving yourself with unsavoury business people.

Using them, you can uncover the business history of potential business partners, discovering how successful their previous businesses have been, whether or not they have ever been made bankrupt, and even if they have committed any corporate crimes.

Having this information can either help you form fully informed business relationships or can prevent you from tying your financial future irrevocably to someone who may drag it down.

An SME owner can give themselves an edge in businesses by knowing everything there is to know about their competitors.

A companies house check can tell you how well your competitors performed in previous financial years, as well as the histories of their owners. Furthermore, you can use such checks to scope out suppliers to ensure that they have a clean history, allowing you to protect your cash flow and ensure you receive top-shelf work.

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