All companies in the UK have to send company information and financial reports to the government each year, including their accounts, transactions, shareholders, and details of mortgages. The UK government publishes detailed reports of the companies on the official website of it. The report is accessible to the public only when they pay for accessing information. The nominal fee for accessing information is £1 per document.
However, much of the useful data become invisible to a user unless he is an expert person. A normal user could not handle the confusion between the fee and clunky online interface. Moreover, the PDF version of the document makes the linking process critical that subsequently creates a problem in accessing the data. This is why many people either seek support and assistance to do this job by them or look for the companies that offer services for data and company information. A vast majority of them look for fresh and easy-to-use information about the UK-Based companies and their accounts for a number of reasons.
Given below are the reasons:
Marketing
Many companies and individuals across the gobble look for information about the UK-Based companies and their accounts to prepare a rich database for them to use it for their marketing purposes. Using the database, they can market and sell their products and services both online and offline. They get many golden opportunities to do business with the UK-based companies.
Decided the right category
A good approach that goes well with the users is compiling a list based on SIC codes. SIC code is a specific type of code used by the Companies House to categorize their business in the right business niche. Startup businesses can select the right category and take a correct decision about the right niches where their businesses can fit well. Moreover, during the time of preparing a huge database, data entry operators can place the data in the right niche and users can easily decide which part they should go to find their required information.
Check and verify company data to be sure about the level of the company
Before signing on an agreement paper, you can check its accounts, finance, shareholders, and mortgages. This can help you take a better decision. In the UK, there are many strict rules and laws on unsolicited telephone calls and junk mail. Violations of these laws can lead a company to a penal servitude. This is why you can check so many things in detail to have a clear-cut idea about the company and take a right decision on whether you should go for a joint venture or invest in the company as a partner or shareholder.
Avoid sudden issues and unexpected problems
Getting detailed information about a company is very useful to avoid any issue and unexpected problem in the future. To be more precise, the company can get to know whether there is a chance of facing insolvency. In such a case, the company, partners and shareholders can go for legal & consulting services in advance.
