How to improve your company's credit score

Step 1: File everything on time

Late accounts and confirmation statements at Companies House are public and drag your score down. Filing on time — see how to file company accounts — is one of the simplest, highest-impact improvements.

Step 2: Pay suppliers on time

Payment behaviour feeds business credit data. Paying suppliers within terms builds a positive record; a habit of late payment signals distress. Where cash timing is the problem, fix the cause rather than paying late — see cash-flow forecasting.

Step 3: Manage your accounts wisely

Filing fuller (not the most minimal) accounts can help agencies assess you positively, showing healthy working capital and reserves. A strong balance sheet supports a higher score.

Step 4: Build a credit history

A company with no borrowing history can be hard to assess. Sensible use of trade credit or a modest facility, repaid on time, builds a positive track record that supports future, larger borrowing.

Step 5: Monitor and correct

Check your business credit report, correct errors, and watch the trend. A strong, improving score cuts the cost of finance and unlocks better supplier terms.

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