Verification of business contractors

Verification of business contractors

Business is people. They create and manage the company. Establishing business relationships is primarily about establishing relationships with people. It happens that we start cooperation with a contractor about whom we know nothing. We cannot find any information or opinions about it on the Internet, but we want to make sure that the cooperation will be honest and fruitful. Especially when the investment is long-term and involves large sums of money.

However, even with information about the entity, we will never get a guarantee that we will not be deceived. Before entering into cooperation, verifying the contractor’s credibility is the first and most important issue.

Who is your future business partner?

We recommend determining the condition of the company with which you intend to cooperate, and even better – who are the people who control it.

X-raying the contractor’s and his company’s history will allow you to obtain information on previous, unsuccessful businesses, or solvency and other important issues from the point of view of your cooperation. Before you enter into a company, establish business cooperation, or make investments that will entail financial obligations, make sure that it is a good move. Your money, peace of mind and time are at stake.

Appropriate selection of business partners guarantees the security and financial stability of the company in the future. We have experience in assessing the reliability and financial credibility of our clients’ contractors.

Checking the reliability and honesty of contractors

We examine the credibility of the contractor, including the current status and previous periods of operation. We also determine the quality of the products and services it offers.

Standard activities that we perform when checking the reliability and honesty of contractors include:

• getting acquainted with the course of running a business over months or even years,
• determination of the contractor’s financial situation, i.e. analysis of financial statements, cash flows, liquidity and financial profitability,
• checking the actual turnover and sales of services/products, determining the balance of profits and losses,
• collecting information on employees in terms of loyalty and information security, employment status and turnover,
• determination and analysis of personal connections inside and outside the company structure,
• checking the timely fulfillment of obligations and the contractor’s payment capacity,
• conducting an interview regarding the standards and quality of services offered by the contractor,
• researching opinions on the course of the contractor’s cooperation with other entities so far,
• determination of the seat and actual place of business,
  verification of the legality of business activity (we analyze, among others, files in the National Court Register),
• verification of information provided by the counterparty,
• conducting observations of the contractor in order to determine the course of the day.

We carry out an analysis of the contractor’s credibility based on detailed information, determined in a lawful manner based on various criteria. We meticulously examine every aspect of the contractor’s business.

We look at the activities inside the company structure and we also examine external connections. We check the credibility and loyalty of management and other employees. The human factor is the greatest boon, but also a risk and threat to the functioning of the company.

Examination of the economic and legal condition of contractors

We take a closer look at the contractor’s position on the market and his achievements to date. We put special emphasis on checking the quality of the products and services offered, because customer satisfaction translates into the company’s success. We are interested in real and completely objective opinions on this subject.

We examine the legal situation of the entity, i.e. the legality of doing business, openness and transparency in reporting and compliance with contracts with other contractors. We also analyze the level of risky activities.

We then process the data we collect in order to compile and extract the most important information in detail. A comprehensive report is created in an accessible and legible form, which we can present to the client.

A reliable investigative report will allow you to check your business partner not only in terms of solvency, but it will also help you decide whether to initiate or continue legal proceedings. Such a report will be used legally, e.g. as evidence in court proceedings. Preparing it requires the work of a trained, licensed detective with experience. Such a person may, if necessary, be called as a witness at a court hearing.