Company Solvency Check
Solvency audit of the companyVerify that a company is being dissolved (liquidated) - you need the name or company identification number of the company to perform a query. They can also check whether a company is in "provisional liquidation". That means that a tribunal has blocked the company's property before a hearings in order to determine whether it should be disposed of.
The Gazette website allows you to look for information on businesses participating in bankruptcy procedures. Do not add any personally identifiable or pecuniary information such as your National Insurance Number or your applicable bank account information. You will receive a return e-mail with a reference to a questionnaire. Don't be afraid, we won't mail you spams or give your e-mail adress to any third party.
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Verify whether a company is insolvent or still acting.
When you have worked with a company that you think may be in financial difficulty and have a bill that has not yet been settled, you can take a few simple actions to see what your position is. When you try to see if your own business is bankrupt, there are several different stages.
Use our free bankruptcy test to determine the seriousness of your situtation. Enterprises House offers an on-line searching option elsewhere you can check the trade state of a company. Your query will show you whether the company is alive or not. When it is already liquidated, you will see it as " deleted ", but if things are not ready yet, Companies House is unlikely to give you any specific information as to whether the company is bankrupt.
You should use the government's own bankruptcy registry listed in the next section. Do you check whether the company is in temporary bankruptcy? But the most precise source of preliminary winding-up is the government's on the side here. On this page you will find an up-to-date listing of businesses that have obtained a petition for bankruptcy (a last written reminder to pay debts before compulsory bankruptcy) or are in temporary bankruptcy (where the authorities temporarily appoint their own bankrupt to protect the company's property, etc.).
First place to check whether the company has gone into management or winding up is the London Gazette. It is a free of charge tool that allows you to scan a registry of company bankruptcies and changes to company address and property. Simply enter the company book number or trade name to see whether any messages about a particular company have been published.
In case your borrower is a private person acting as a private entrepreneur, you must use the government's insolvent registry. Again, this is not relevance for firms, but, but, but, the government's current schedule of default restraints is a possible area to examine.