At-a-glance reference to the ICC risk scores.
The score measures all companies against the proven criteria in the scorecard. The table below allows you to quickly assess how a company's score compares to the average risk rate across the entire database.

	The ICC Risk Score
	At-a-glance reference to the new score. Risk Score Band Percentage of companies on the database above the risk score band Risk Score Definition 1-20 21-29 30-35 36-40 41-46 98.9 96.9 94.0 88.9 79.3 At least 10 x greater than average risk. At least 5 x greater than average risk. 3 to 5 x greater than average risk. 2 to 3 x greater than average risk. Just above average risk. 47-50 71.2 Average risk. 51-53 54-57 62.8 53.6 Just below average risk. Half the average risk. 58-63 64-68 69-71 72-81 82-100 38.5 26.9 20.8 6.1 2 to 3 x less than average risk. 3 to 4 x less than average risk. 4 to 5 x less than average risk. At least 5 x less than average risk. At least 10 x less than average risk.

Credit limit calculation

The ICC credit limit formula is linked to a company score by a percentage weighting which is then automatically applied to a calculated average of balance sheet and cash flow values. The higher the score, the higher the percentage applied. These weightings benefit from the clear discrimination of the score between good and bad companies. There are some companies with no credit limit. These companies will have scored below 15, or alternatively all score components from the balance sheet and cashflow will be negative.

Credit limit period

The credit limit should be regarded as a yardstick for the overall level of acceptable credit, or alternatively, the maximum amount of credit to be extended to an applicant at any one time

Benefits of the ICC risk score

• Now 50% more powerful in predicting corporate failure.
• New improved credit limits attached to the new score methodology.
• Quick and easy risk assessment tool, using an objective, statistically proven approach to all your customers and prospects.
• Will work as part of your own risk policy and credit procedures.
• Underpinned by ICC Information's proven experience of corporate data analysis since 1969.
• Fully approved by EULER Trade Indemnity, and other major trade credit insurers, subject to policy terms.
• Developed in conjunction with Scorex (UK), scoring experts since 1986.

How ICC built the scoring model

ICC set out to develop a risk scoring model which would take into account the strongest influencing criteria on company performance and reflect the size and business activities of any company. Large samples of historical data were extracted from the database to analyse two types of companies - those which had become involuntarily insolvent and those companies which had continued to trade.

Some 400 distinct characteristics, including over ten years' financial data, were modelled to identify patterns and trends. It was clearly demonstrated that smaller companies, (those with a turnover of less than £1 million - especially those filing modified accounts), exhibited different performance characteristics to larger companies, (those companies with a turnover above £1 million). Ratios were compared across and within industry sectors, and the impact of both county court judgements and audit qualifications were also assessed.

The strongest criteria were then re-evaluated and tested against further random samples. A robust set of components were then identified, and selected as the basis of the new score model.

Any questions? If you have any questions, please call the ICC Customer Service Help desk on 0208 481 8847.

Please note. The ICC Risk score has been designed to take into account the strongest performing company criteria. The make up of and methodology behind the ICC scorecard are confidential and remain the intellectual property of ICC Information Ltd and Scorex UK Ltd.

Our site managers, PracticeWEB / Sift Ltd, are licensed by ICC Information Company Limited ("ICC") to provide access to ICC's database of information on UK and Irish companies. ICC's database is based on documents filed at the appropriate national company registries by or in relation to the relevant companies.

The information contained on the ICC database is dependent for its accuracy on the accuracy of the original documents from which that information is derived. No checks are carried out on the accuracy of the information.

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