A message to Top Service members from Emma Reilly FCICM, CEO at Top Service Ltd & Credit Expert… Continue Reading

A phoenix company is described by the Insolvency Service as the practice of carrying on the same business or trade successively through a series of companies where each becomes insolvent in turn. Each time this happens, the insolvent company’s business (but not its debts) is transferred to a new, similar ‘phoenix’ company. The insolvent company […]… Continue Reading

The Director Monitoring Service allows you to keep track of who is running the companies you are dealing with. You will receive alerts when a director resigns or is appointed at another company, providing valuable insights into leadership changes within your business network. When a director resigns, it can present challenges such as knowledge loss […]… Continue Reading

Monitoring services provide valuable real-time information that can assist businesses in making informed decisions, mitigating risk, and maintaining healthy business relationships within the construction industry.  This service is designed to help businesses stay proactive in managing credit risk and staying up to date about critical changes that will impact their trading relationships . Company monitoring […]… Continue Reading

Thank you to Jo Stevens at Tarmac for your kind words. Top Service provide Tarmac with an invaluable support for new customer trading history, and early fraud detection. The trading histories enable us to avoid potential late payers, or to identify that a customer has cash flow difficulties Tarmac, is the UK’s sustainable construction materials, […]… Continue Reading

Our own industry specific data plays a pivotal role and can lead to credit limits and scores being reduced or removed when other mainstream agencies are still offering substantial limits & scores.  Our credit limits and credit scores are calculated by taking the opinions of two of the major credit reference agencies and then applying […]… Continue Reading

Director Resignations – When a director resigns, it can present challenges such as knowledge loss and transitional risks.Changes in leadership can sometimes result in alterations to credit limits, impacting the financial stability of the business. It’s essential to consider the history and background of the departing director. Warning signs may arise if the individual has […]… Continue Reading

Every supplier of credit information will have invested in different algorithms to attempt to produce the most relevant credit limit and credit scores. Unfortunately this is never going to be an exact science. The majority of credit reference agencies will take mostly the same factors into account when suggesting credit limits but how they apply […]… Continue Reading

There are now four, not three tracks for cases in the civil courts to be assigned to: Small Claims Track Fast Track Intermediate Track Multi Track For Amounts Up To £10,000 For Amounts Between £10,000 & £25,000 For Amounts Between £25,000 & £100,000 For Amounts Over £25,000.*Amounts over £100k will be heard in the High […]… Continue Reading

The Insolvency Service has released the latest figures for February 2024, shedding light on the state of insolvencies in the UK. Here’s a breakdown of the numbers: Registered Company Insolvencies Breakdown: In February 2024, a total of 2102 company insolvencies were recorded, with the following distribution: 1707 Creditors Voluntary Liquidations 217 Compulsory Liquidations 166 Administrations […]… Continue Reading