Lightbulb is the UK’s only advisor offering businesses the opportunity to review, better understand, improve, and monitor their credit ratings. Through Lightbulb Credit’s service businesses can view their ratings from all the major credit rating agencies in one simple report.
Through exclusive agreements and automated links with the UK’s five main business credit rating agencies, Lightbulb has immediate access to credit reports and key company information, identifying potential issues that could indicate a low credit rating. Using this information Lightbulb provides an up-to-date picture of what lenders, investors and trade suppliers can see which is typically out of date or incorrect, resulting in higher costs of funding and restricted trade credit limits. Lightbulb Credit are then able to rectify these errors resulting in substantial improvements in credit scores in as little as three days.
Quantuma will incorporate Lightbulb’s services as part of its own advisory offering, providing a unique tool for businesses looking to improve their trading position, reduce borrowing costs, and boost access to trade credit.
Professional advisers and their clients will be able to obtain a copy of their trade credit report via Quantuma’s website at no charge and can also access a monitoring service under a 90-day free trial which provides real-time alerts on any changes to a business’ rating and enables access to more in-depth reporting.
Frank Wessely, Managing Director at Quantuma, said: “Low company credit scores are misunderstood and are damaging to businesses, resulting in higher borrowing costs and lower trade credit limits from suppliers, as well as acting as a barrier to firms looking to obtain necessary finance to fund business growth. By partnering with Lightbulb, we continue to broaden our offering to support businesses at a critical time as we move into the post-pandemic recovery.”
James Piper, Managing Director at Lightbulb Credit, said: “Quantuma is one of the leading mid-market advisory firms and we are delighted to have secured them as our key strategic partner. Quantuma’s coverage across the UK and reputation as a high-quality firm will enable us to reach yet more businesses and provide support to those that are looking to unlock growth potential and to those that are experiencing challenges.”
Notes to editors
Quantuma is a leading business advisory firm which works with businesses at the key milestones, helping them to take advantage of opportunities and overcome a range of operational and financial challenges, enabling them to achieve their business objectives and ambitions. They have specialist expertise in restructuring and insolvency, financial advisory, corporate finance, forensic accounting and investigations, cross-border asset recovery and creditor services. They work alongside accountants, major law practices, private equity houses, lenders, and regulators. The business has 23 offices globally, including 16 in the UK, two international offices in Cyprus (Nicosia and Paphos), an office in the Cayman Islands and British Virgin Islands, one in Mauritius, an office in Singapore and one in Dubai. In August 2020 it merged with AIM-listed K3 Capital Group plc to build a global, multidisciplinary professional services group. For more information, please visit www.quantuma.com.
