How to Improve Your Company Credit Score

Improving a business credit score takes time and effort. Here are some strategies:

Pay Bills on Time – Ensure all invoices, taxes, and credit payments are made on time.

Monitor Credit Reports – Regularly check your business credit report for errors and correct any discrepancies.

Reduce Debt Levels – Maintain a healthy credit utilisation ratio by managing debt efficiently.

File Accounts Promptly – Submit annual reports and financial statements on time to Companies House.

Avoid Legal Issues – Stay clear of CCJs and other legal disputes that may damage creditworthiness.

Diversify Credit Sources – Having a mix of credit accounts, such as trade credit and business loans, can positively impact scores.