Why are the Contract Limit and/or the Credit Limit of a company N/A?
There are a few reasons why a Credit Limit or Contract Limit would show as N/A for a company on the Company Watch Platform:
1. When a late filing warning is received from Companies House, the Company Watch platform suppresses Credit (and Contract) limits around 1 day after this information is received. This suppression will remain in place until the late filing warning is lifted. (i.e. New accounts has been filed):
1. When a late filing warning is received from Companies House, the Company Watch platform suppresses Credit (and Contract) limits around 1 day after this information is received. This suppression will remain in place until the late filing warning is lifted. (i.e. New accounts has been filed):
- Where a quoted company has not filed accounts after 19 months (577 days) the Credit Limit is automatically suppressed
- Where an unquoted company has not filed accounts after 22 months (669 days) the Credit Limit is automatically suppressed
The Credit Limit /Contract limit is also not calculated in the following circumstances:
2. Balance Sheet filed is not in balance
3. Total tangible assets = 0
4. For Companies with a Financial SIC (unless specifically allowed through for evaluation)
5. Companies in Distress – i.e. any kind of formal insolvency procedure or strike-off event
6. Reported Sales < 0 (i.e. negative)
7. Company has filed 'dormant' accounts
As an additional note to this, please be aware that Companies House offer a fast-track service which allows companies to apply for a 3-month filing extension electronically but this submission does not generate a filing history event. Due to the lack of warning on Companies House, a late filing warning will not appear on the Company Watch platform.