How to run a credit check on a company?

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  • artin
    replied
    Originally posted by rentreviewspecialist View Post
    "i would use Verify.com"

    I meant https://veriphy.com

    V also does people checks
    I can't use them, has to be business.

    Leave a comment:


  • rentreviewspecialist
    replied
    "i would use Verify.com"

    I meant https://veriphy.com

    V also does people checks

    Leave a comment:


  • artin
    replied
    Originally posted by rentreviewspecialist View Post
    i would use Verify.com
    Who would you use to check an individual if fit to pay an X amount of annual rent?
    Thanks

    Leave a comment:


  • artin
    replied
    Originally posted by Piffy View Post
    I use ENDOLE to check a Limited Company.
    Who would you use to check an individual if fit to pay an X amount of annual rent?
    Thanks

    Leave a comment:


  • rentreviewspecialist
    replied
    i would use Verify.com

    (no connection)

    Where the tenant is a limited company, it does not need the landlord''s consent for change of ownership as the company itself hasn't - that is, unless the lease requires the landlord's consent if the names of the shareholders and/or the officers of the company should change.

    Leave a comment:


  • Piffy
    replied
    I use ENDOLE to check a Limited Company.
    I would never rent a Commercial Property to a Limited Company, (I once worked for a Liquidator and arranged for seized goods to go to auction)
    One Commercial Property I rented out I had a clause put in the lease something like "If the tenant starts to trade as a Ltd Co and the Landlord receives rent from the Ltd Co the lease remains personal to the sole or joint tenant"
    In my case after two years they started trading as a Ltd Co, two years later the Ltd Co went into liquidation, and the tenants carried on trading as sold traders as they were before as the lease was in their names.
    Also if the lease is in a Ltd Co they can sell the shares and you could have a new owner who may not pass an affordability check.
    Good luck.

    Leave a comment:


  • SouthernDave
    replied
    As far as i am aware you just need written permission (to check a person)

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  • artin
    replied
    Originally posted by SouthernDave View Post
    You just ask them. If they agree then you are good to go. You need permission to check an individual.
    Is an email from him agreeing credit check sufficient?

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  • SouthernDave
    replied
    You just ask them. If they agree then you are good to go. You need permission to check an individual.

    Leave a comment:


  • artin
    replied
    Originally posted by SouthernDave View Post
    can check anyone (with their permission)
    What is the procedure to get permission?

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  • SouthernDave
    replied
    We use experian, can check anyone (with their permission) and any company (without permission) that we want. But this facility we pay for annually at cost of roughly £1500. I am sure you can probably pay to do a single check.

    Leave a comment:


  • theartfullodger
    replied
    You could always get a personal guarantee from one (or more..) of the directors. Who you can credit check the normal way (with their permission).

    So this is a commercial property? What sort (idle curiosity....)

    Leave a comment:


  • artin
    started a topic How to run a credit check on a company?

    How to run a credit check on a company?

    Hi
    My estate agent found a prospective tenant which is a limited company, they don't do any financial checks.
    I have got the account of last 2 years but want to a credit check.
    Who can I use to obtain credit check whether this limited company is able to pay an X amount of rent?

    Thanks

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