How can I find out whether a debtor has the money to pay my claim?

There are a number of ways in which you can find out whether a debtor is likely to have the money to pay your claim. These include the following methods:

Credit checks

Credit checks are often used as a means of finding out information about the financial position of an individual or a business. A fee is normally payable for obtaining a credit check. The amount of information available varies but may include the following:

  • The full name of a person or business and any alias or trading name they may use;
  • Their current address and any previous addresses;
  • A person’s date of birth or the date upon which a business was incorporated;
  • A summary of a company’s accounts most recently filed with Companies House;
  • Details of any County Court judgments, bankruptcies or individual voluntary arrangements;
  • Details of any loans or mortgages;
  • A credit rating or score.

Company searches

In the case of companies information can be obtained from Companies House if the company is registered with Companies House. Some information can be obtained free of charge. Other information can be obtained upon the payment of a fee. The type and amount of information available depends on the type and size of the company and when it was incorporated.

The following information is available free of charge for companies registered at Companies House:

  • Its name and registered office;
  • Its company number;
  • The status of the company, i.e. whether it is active, has been dissolved, been struck off or has been placed into liquidation or administration;
  • The date it was incorporated;
  • Its country of origin;
  • The type of company;
  • The nature of the company’s business;
  • Its accounting reference date, the date it last filed accounts with Companies House and the date upon which its next accounts are due to be filed;
  • The date on which it last filed an annual return with Companies House and the date upon which its next annual return is due to be filed;
  • Any previous names of the company.

Unlock this article now!


For more information on:

  • Land Registry searches
  • Searches of the Individual Insolvency Register
  • Enquiry agents