Whether you are looking for a sound investment or need to look into potential suppliers or clients, your first port of call should be a Companies House web check. By looking into investments, and the people you will be doing business with, you can judge what kind of return on investment you will achieve from that specific relationship.
In times such as these it is important to know who you are doing business with and how they are doing financially. You don’t want to end up in a relationship that is detrimental to your business or your personal wealth. By looking at a company’s finances on Companies House or similar sites you can evaluate whether the company is financially secure and whether the company itself is reputable. Services like Duedil allow you to see if a company is involved in any legal proceedings, their trading address, and registered address. With this information you can make an informed decision, as to whether you want to be involved with them as a company, or want to invest money in their business. You can also see how they are perceived by their customers and have a look to see whether they have had any negative press coverage. By evaluating their financial situation you can see how they have grown, and look at projected growth.
In the end, it pays to do your research. You should look before you leap in these situations, especially where your business and personal finances are concerned. Like with every other investment you should do your research, look at competitors and get an overall picture of the business. If you find a negative aspect of their business make sure you tread carefully, or seek expert advice.
