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But how? Make them show me their books? Aside from a downpayment idk what else there is
by Forgeties79 10mo ago
But how? Make them show me their books? Aside from a downpayment idk what else there is
- KomoD 10mo agoYou could do a credit check. And in this particular case since they're a UK company, yeah, you can just look at their reported accounts. 2023 CURRENT ASSETS: £571 Creditors: Amounts Falling Due Within One Year: £28,051 ---- That's not a client I'd take.
- imglorp 10mo agoAs a customer or a vendor, being able to see any company's health like this must be wonderful if you're evaluating whether you want to enter a relationship with them. More of the world should do this.
- Teever 10mo agoWait, what, Anyone can check the balance of a UK company's chequing account?
- closewith 10mo agoLimited liability companies have to submit their accounts annually. Most small business accounts aren't audited, so it's self-reported at that level, but still useful to check scale, cash crunch, etc.
- Forgeties79 10mo agoI legitimately did not know we could do that in the US. A cursory search says we can I think?