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Will filing company accounts early affect a company credit score?
Wiki User
∙ 15y ago
The bottom line is that late filing will influence the score, but there is no set formula to quantify impact on individual companies. A credit score uses a complex algorithm in a "multiplicative" way, whereby the unique combination of data is assessed. Late filing would always be considered a "negative" factor but risk (by definition) will be dependent on whether the risk within the industry of that company is perceived very low, low, average, high or very high.
At http://www.ukdata.com we have 51 risk classifications that cover all industries and is part of the overall score INCLUDING late filing of accounts.
Late filing certainly impacts the score negatively and should be avoided at all costs.
Wiki User
∙ 15y ago
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