Warrington has the most trusted businesses in the UK, according to new figures released by a company credit checking specialist.
The statistics, part of a UK business performance report for 2019, showed that Warrington had the highest average credit score (79) when compared to the rest of the country. This figure, based on a scale of 1 to 100, is the most commonly used metric by businesses and lenders alike to check a company’s chance of becoming insolvent before offering their services to them. The score is based on a number of factors including key financials, how prompt a business is in paying suppliers, adverse information, plus lots more.
Warrington itself has seen major business growth in recent years, particularly in the science and tech sectors.
On a regional basis, businesses in Greater London were given the highest average credit score of 75.7, followed by Scotland (75.4) and the East of England (75.4). However, when focusing on towns and cities specifically, Warrington came first across the nation for business credit scores, ahead of Aberdeen (78) and Kirkwall (78).
No other town or city in the North West figured in the top 10.
Chris Robertson, chief executive officer, UK and Ireland, at Creditsafe, said: “While there is plenty of talk around London being the business centre of the United Kingdom, it’s clear that other cities have plenty to offer to the national economy. With Brexit negotiations still ongoing, businesses want to ensure their investments are sound and Warrington’s businesses are leading the way in trustworthiness in a time of economic uncertainty.
“The regions’ exceptionally positive credit scores must be celebrated, as they demonstrate that investment in the UK should encompass more than just the capital.”
The full results of Creditsafe’s UK Business Performance Report can be found here: https://www.creditsafe.com/gb/en/more/hub/newsroom/uk-business-performance-report.html