Credit Ratings for Small Businesses a lottery

Credit Ratings for Small Businesses “a lottery”

The credit ratings and limits offered by three leading agencies are so different from each other that getting an accurate credit score is a lottery for businesses, an investigation by accountants Shelley Stock Hutter LLP has found. After analysing the credit scores for 100 small and medium-sized businesses, the London-based chartered accountant found that credit limits recommended by three leading credit rating agencies (CRAs) – Experian, Creditsafe and Dun & Bradstreet (D&B) – vary by up to 150 per cent on average. “We’ve got clients saying ‘We’re doing well’ but they can’t get a credit limit with suppliers; or they’re trying to contract as a supplier and they’re getting strange results,” said Shelley Stock Hutter p... »