How to view your Unsecured Creditor Claims?

Available with a ledger connected/CSV in Free Trial, Full Subscription and Add-on Check-it.

Know-it will monitor the customers in your ledger and alert you of any change. There are different types of monitoring in the platform: Gazette Notices monitoring, Companies House updates monitoring, Unsecured creditors monitoring and CreditSafe monitoring. 

💡 There is no setup required to start monitoring! Just connect your ledger, and we'll let you know if there is anything to know. 

No need to log in continuously to check your notifications, we will send you email alerts if anything requires your attention!

1. What are Unsecured Creditors? 

With Unsecured Creditor Claims data, you’ll gain insight into which of your customers have suffered financial losses due to their own customers going into liquidation or administration.

This data isn’t provided on standard business credit reports and allows you to anticipate a potential cashflow catastrophe before it’s too late!

2. Where does this data come from? 

Know-it partners up with a data bureau to get exclusive access to those insights. 

The bureau captures this data in courts directly and transcribes it into a digital format. This is how we ensure this data is available in the platform as soon as possible. 

3. How can Know-it monitor Unsecured Creditors? 

Know-it will use the existing data in your accountancy software to monitor your customers. To do so the platform will use: 

• The company name
• The company registration number or postcode

This allows the platform to match the company against a Unsecured creditor record. View here how to view and fix missing data in your ledger which could prevent you from monitoring your customers.

4. What insights do I get? 

This overview includes crucial details such as the debtor company’s name, company number, and the amount lost. Additionally, users can access information about the total outstanding amount owed by the debtor.

The ‘Unsecured creditors’ table provides the following information.

Statement date – This is the date when the debtor went out of business

Rating – Your customer’s credit rating

Company Name – Your customer’s company name

Debtor company name – Your customer’s debtor’s company name

Debtor company number – Your customer’s debtor’s company number

Amount lost – Amount lost by your customer due to their debtor going into liquidation or administration

Your outstanding amount – Total outstanding amount owed to you by your customer. Only be visible if a ledger is connected. If CSV, it will show as 0.

Credit Report – You can credit report your customer by simply clicking the “Use Credit” button.

5. Where can I see my Unsecured Creditors? 

5.1: In platform

• Go to Check-it > Unsecured Creditors

• View your Unsecured Creditors 

5.2: Via Email

The platform will automatically send you an email if there are any unsecured creditors alerts. 

If you have any questions, and can not find the answer here, please reach out to our support team by raising a ticket here.