Avoid bad debt, build a rock solid supply chain, and stop fraud with the construction sectors premier risk and business data solution
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The construction industry is facing more challenges than ever before and is experiencing record levels of bad debt and insolvency. Added to these is an increasingly unstable supply chain and the growing threat of fraud.
Red Flag Alert is proud to work closely with the construction sector to help companies navigate risk and do smarter, safer, and more profitable business. We are the country’s leading experts in predicting business growth and failure, and in providing the cutting edge tools businesses need to identify risk and opportunities early.
See the risks others can't
Understand risk better
Up to 8 weeks earlier than the gazette
Full bad debt information
With built in analysis tool
Know everyone you're dealing with
Having a robust KYB processes is one of the best steps a construction firm can take to protect themselves from bed debt and avoid failed suppliers.
To do this you need a solution that provides you with the greatest insights into a company’s financial health and future prospects. Our platform provides detailed but easy to understand reports on all UK companies, which are powered by the UK’s most accurate insolvency score, which allow you to protect your bottom line.
The construction industry, especially suppliers, is at the forefront of the UK’s fraud epidemic, yet many construction companies go without robust antifraud processes. We make implementing these quick and easy with no interruption to your business process.
Upgrade your defences
Spot false identities
16,000 ID documents accepted
Phone, bank, and business fraud checks
Credit risk doesn't just stop after your initial credit processes and nobody knows better than construction companies that businesses can fail seemingly out of the blue.
That's why we created our customisable monitoring tool. This innovative software makes managing your debtors' credit risk easy and worry free.
Segment your monitored companies however you wish into separate monitoring portfolios, select which events matter to your business, and who at your company needs to receive alerts.
Then, should anything you need to know about happen we'll make sure that you do.
Whether it's a customer, supplier, or contractor you need to ensure they are safe to do business with and get them set up on your system.
But these onboarding processes are slow, inconvenient, and a bottleneck to doing business.
We have solved this problem with our revolutionary onboarding automation tool, Red Flag Alert Automate. This plugs into all of your existing systems and completely automates your entire onboarding journey.
Both increasing your accuracy and bringing the time taken down to just seconds.
Supply chain issues continue to cause major problems in the construction industry and you can't afford to do business with a supplier that will leave you high and dry down the line with out access to the materials you need to do your job.
Our cutting edge B2B Prospector tool gives you everything you need to find reliable suppliers that wont go insolvent. Search by supplier type, area, financial health, and much more to build a rock solid supply chain.
Initially created by insolvency experts to identify the known early warning signs of insolvency, we have over 20 years of knowledge gained from the constant analysis of the UK economy. This has allowed us to create the most accurate predictive algorithm on the market.
As business and economics are not static, we constantly test our algorithm against hundreds of thousands of data set, and our data scientists and economic experts continue to refine our algorithm and identify any new indicators or economic trends that have developed.
We have full business reports on every UK company, whether non-limited, limited, or public, and over 350 million international businesses.
For our quickest response simply call us on 0808 503 4336 and speak to an expert now!
Our experts are experienced at helping constructions companies manage their credit risk, fight fraud, and protect their revenue.
Speak to one today to see how Red Flag Alert will let your firm do smarter, safer, and more profitable business.