What are Charges, and why is it important?
A charge is a legal claim or right a lender has over a borrower’s asset, like property or equipment, used as security for a loan. If the borrower can’t repay the loan, the lender can take or sell the asset to recover the money.
Charges are essential because they help lenders reduce the risk of losing money, making it easier for borrowers to get loans.
Do Lenders Need Charge Data?
Lenders thrive on having the right information at the right time; charge data is a goldmine. By understanding which companies have assets tied up as collateral, lenders can identify lucrative opportunities, attract the right clients, and stay ahead of market trends. It’s not just about reducing risk—it’s about making more intelligent decisions, securing profitable deals, and maximising returns. With access to this data, lenders can seamlessly navigate the lending landscape, confidently locking in clients and making more money effortlessly.
How Does DataGardener’s Lending Intelligence Enhance Charge Analysis?
At DataGardener, we simplify and enrich the process of charge analysis by providing detailed information on registered charges across UK companies. Our platform gives lenders access to:
- Real-Time Data: Up-to-date information on outstanding charges so lenders can assess the latest financial health of any business.
- Comprehensive Records: DataGardener’s extensive database covers millions of UK companies, providing lenders with all the details of registered charges, including charge type, value, and priority.
- Visual Dashboards: We transform complex charge data into easy-to-understand visual representations, enabling faster and more efficient decision-making.
- Historical Data: Lenders can view a company’s history of charges, offering insights into long-term financial practices and stability.
Did you know 181,240 new charges were registered from September 2023 to September 2024? The high number of new charges shows that many businesses are securing loans to support their operations or growth. Lenders use this data to assess the financial health and risk of lending to these companies, ensuring more informed decisions.
The chart shows the number of new “charges” registered by companies each month from September 2023 to September 2024. The diagram shows a consistent pattern of around 10,000 to 15,000 monthly charges. There’s a peak in July 2024, with nearly 18,000 new charges. This could suggest that more businesses are securing loans during that period, perhaps due to seasonal factors or increased business activities. By understanding these trends, lenders can better assess the financial environment and make informed decisions about providing loans.
In the last year, from September 2023 to September 2024, 181,240 new charges were registered, with Real Estate Activities continuing to dominate, accounting for 48.39% of these charges. Construction followed with 8.46%, and Financial & Insurance Activities contributed 6.88%. This powerful insight gives lenders a clear view of which industries are actively securing assets. Lenders can leverage this data to identify high-potential sectors, mitigate risks, and create tailored lending strategies. This enables them to make faster decisions, gain a competitive edge, and maximise profits by targeting the most profitable industries for financing opportunities.
Here’s a fun fact for you: Did you know…?
40% of the charges registered last year were tied to Micro Enterprises, which led the pack with 39,399 charges! Meanwhile, Large Enterprises lag behind with just 3,089. Interesting, right?
Ready to protect your profits? Here’s something you can’t afford to miss: Over 50,000 companies are in the moderate to high-risk bracket! Are your clients among them?
Risk management is a top priority for lenders. Currently, 49,372 companies are in the low-risk bracket, while 50,992 fall into the moderate to very high-risk categories, potentially facing tougher business journeys. With our data at your fingertips, you can quickly identify if any of your clients are in the moderate to high-risk bracket, allowing you to be cautious while seizing opportunities with low-risk companies to capture the market confidently.
