Payment History – Timely payments to suppliers and creditors positively impact the score, while late or missed payments lower it.
Credit Utilisation – High levels of outstanding debt compared to available credit limits can negatively affect the score.
Company Age & Financial Stability – Older businesses with a proven track record tend to have better scores.
Filing History – Regular and accurate submission of annual accounts and financial statements improves credibility.
County Court Judgments (CCJs) – Any legal action or insolvency history can significantly lower the credit score.
Industry Risk – Companies operating in high-risk industries may have lower scores.
Director’s Credit History – The financial history of company directors can sometimes impact the business credit rating.