Zero Turnover in your Company Credit Report

company credit reportIf you purchase company credit reports with us you may notice that the “Turnover” in the “Accounts” area is sometimes zero, even if you know that the company has been trading. This is because of a “Disclosure Threshold” whereby *small companies do not have to file turnover or detailed profit and loss accounts with Companies House.

*A company is deemed to be small if it meets two of the following conditions:

• Annual turnover no more than £6.5 million
• Balance sheet total no more than £3.26 million
• No more than 50 employees

Company Searches Made Simple – Online company credit reports. Speedy, reliable and competitively priced!

The following two tabs change content below.

Mathew Aitken

is Head of Content at at Made Simple Group. This entails overseeing Made Simple Group's blogs (five in all!) and any other content we happen to be producing. In his spare time Mathew is an avid film-goer, TV-watcher and Tottenham Hotspur-endurer.

Leave a Reply

Your email address will not be published. Required fields are marked *