Your industry news - first Number 1 for Recruitment
We strongly recommend viewing Cleanzine full size in your web browser. Click our masthead above to visit our website version.
Nviro celebrates new credit rating
Cleaning and FM specialist Nviro continues to demonstrate growth and profitability with the release of its latest credit rating report from Dun & Bradstreet. Produced last month, the report sees the company upgraded to a 2A1 rating. The 2A represents the size bracket of the company in which Nviro belongs, while the 1 indicates the company's very high credit worthiness and low risk of failure.
D&B is a provider and source of business information and insight, providing business information for risk management, sales & marketing, supply management and decisions worldwide. The process works by public data being added to the database daily, including legal verdicts and the most recent balance sheets, combined with other specific data such as payment history.
For each individual company, such as Nviro, the relevant information is collected and entered into mathematical algorithms to help generate the ratings. These ratings are updated automatically so will always reflect a company's most recent state of affairs.
"This rating is testament to the strong service we provide at Nviro, and the fantastic management of resources, internally and client-side," says Marc Goodey, Financial Director of Nviro. "It is a clear indicator that we are both stable and growing sustainably."
In addition to the 2A1, Nviro has also been upgraded to a 100 failure score. This demonstrates the company's wellbeing and means that there is zero risk of the business needing to seek legal release or having to cease operations within the next 12 months. The purpose of the report is to provide details which will help identify a company like Nviro, as a stable and growing business to clients.
14th November 2013