IFAs given due diligence help on UK firms

clock

Financial advisers will now be able to get a firmer grasp of the financial health of the companies with which they trade.

A new service from business information provider Plimsoll offers instant analysis on the financial health of 250,000 companies in the UK. Plimsoll says it has launched the service to help businesses get a clearer picture of their partners throughout the supply chain. David Pattison, senior analyst and architect of the One Page Analysis service, warns of the dangers to one's own business when a key supplier or customer suddenly goes bankrupt. He says this is an occurrence that has become "all too frequent" over the past 18 months, with a third of British companies selling at a loss...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Timeline launches first multi-asset fund in bid to simplify investing for advisers

Timeline launches first multi-asset fund in bid to simplify investing for advisers

Firm eyes FCA approval to roll out low-cost, evidence-based fund aligned with adviser demand

Sahar Nazir
clock 15 May 2025 • 2 min read
Pete Matthew: 'Arrogant' advisers need to 'get over themselves' to scale growth

Pete Matthew: 'Arrogant' advisers need to 'get over themselves' to scale growth

Advice business owner and planner expresses frustration at industry

Sahar Nazir
clock 15 May 2025 • 1 min read
'Designed by men, for men': Are women still being left out of the financial planning conversation?

'Designed by men, for men': Are women still being left out of the financial planning conversation?

Progress yet to be made for female clients

Isabel Baxter
clock 15 May 2025 • 3 min read