We’ve just re-launched our new and improved Data Search tool. Data Search is a precision targeting tool helping our clients to:
Our clients, including some of the biggest banks in the UK, use Data Search to:
Let’s do a deep dive into this unique and powerful tool and find out how it gives our clients an edge.
The shaky economic landscape we’ve been experiencing in the UK for the past few years makes growing your business tricky.
During times of instability, heightened risk is inevitable. 2023 was overshadowed by uncertainty in the market, and this looks set to continue throughout 2024. In January, there were 8,089 individual insolvencies and 1,769 registered company insolvencies - a 5% increase from January 2023. Fraud continues to be a thorn in the side of the UK economy, costing more than £200 billion annually.
Cutting out high-risk companies from your prospecting lists might seem obvious, but spotting them isn’t always easy.
You need to know that the companies you work with won’t jeopardise your business. With over 5 million registered companies in the UK, growing at a rate of 500,000 per year, this is easier said than done. So, how can you find your ideal clients in this vast business landscape?
Data Search is one of the most advanced search tools on the market. It allows you to filter and refine the entire Companies House database based on your specific criteria.
You can uncover business opportunities with confidence while weeding out risk. This user-friendly and highly configurable tool will not only supercharge your prospecting, you can also unlock crucial insights for conducting due diligence, market research or competitor analysis.
The Search Builder function uses filters and segmentation to narrow down the millions of businesses on our database. You can build a list of leads in seconds, by tailoring your search based on your own custom criteria. The filters are grouped into various areas, including:
Each of these filters drops down into even more granular queries allowing for precise searching. Data Search uses live data, so as you add more filters the information updates in real time. As you continue to filter and segment your data, the process will become increasingly more manageable as you narrow down your ideal companies to a workable list.
Data Search filters companies using our market-leading financial health scoring system H-Score®. A company’s financial health is measured by analysing its financial position from various angles. This includes asset funding, liquidity, working capital management and profit management.
The H-Score® is based on how similar a company’s accounts are to failed businesses and predicts the likelihood of financial distress. Scores are between 0 and 100, and any company with a score of 25 or under is placed in our Warning Area. The vast majority of companies that go on to collapse were in our Warning Area beforehand.
This powerful tool can help you weed out high-risk companies when using Data Search to prospect for new clients.
You can access your portfolios built inside the Company Watch Platform and filter them in Data Search.
You can then use the Data Search Dashboard to create visualisations of your entire portfolio. You can view aggregated data in easily digestible charts and tables, then download them for offline analysis or presentation to colleagues and stakeholders.
You can easily download prepared searches onto your local network and utilise pre-set output layout options (Output Packs) for efficient data handling. You can also access and restore searches that you’ve saved in the Data Search tool to generate an updated company count.
You can download your search results into CSV or Text format for an even more comprehensive analysis at the individual company level.
Many of our clients, including major banks, have used Data Search to find new opportunities in uncertain times. This unique tool has helped our clients to get an edge on the competition by helping them find new business while mitigating risk.
Here are some of the ways our clients leverage this tool:
Your days of trawling through endless data on Companies House are over. Data Search gives you detailed data at your fingertips in seconds. This tool is a game changer when it comes to finding new clients, mitigating risk and growing your business.
Ready to win more business with precision targeting in 2024? Get in touch to explore all of the features and capabilities of the most powerful tool on the market.