My Business Score is a tool to help businesses build their profile. Our revolutionary tool is used by business owners, directors, and their management teams to carry out a business health check and understand their business wellbeing to better inform their trading decisions. My Business Score creates a snapshot of business performance, which can be used by internal teams to analyse performance in areas of their business. It can also be used by external parties to analyse and assess different businesses and help inform their decisions on finance, contracts, and trading opportunities.

Most businesses registered in the UK have a credit score. Several third-party credit reference agencies can provide a business' credit score, which indicates the creditworthiness of the business, for example, the likelihood that it has of paying back any debts. Third parties also use a credit score to predict whether a business is in or is likely to get into difficulty over the forthcoming 12-month period and is used to predict whether a business will fail.

Additionally, each business has an international credit rating, which allows comparison with other similar businesses across the world.

Each business profile contains both externally sourced data plus internally gathered information that includes:

• Financial / Trading
• Risk Ratings / Credit Scores
• Environmental / Social / Governance (ESG)
• Industry Sector / Products / Services

The information collected and collated about a business is the property of the business. The score generated from this information is unique to the algorithms and rules of the provider and is specific to the provider.

Score factors or factoring codes are provided with the score to explain how items in the data influenced the score. These codes can help businesses to understand which items had the most impact. It enables a business to take the necessary steps and courses of action to address those items that may be weak or have a more negative effect on the score.

A business score changes as often as your business data and profile changes. Your business credit score will change each time you add new information to your business profile.