Who We Are ?
Lightbulb Credit was an idea in James’ mind back in 2016. After years of working with the multiple rating agencies and improving the scores and limits for the companies, he was working for the time. James spotted an opportunity to ensure that companies had the rating they deserve. Understanding the issues of the timing lag of when statutory data is filed and that the black and white data used by the agency algorithm’s has many more shades of grey.
We work with our clients to provide detailed data to the relevant agencies using our relationships and unique arrangements. This enables the rating agency to see data that is not publicly available and make an informed credit decision, whilst at the same time ensuring your data remains confidential.
So Lightbulb Credit Ltd was born. We are a fin-tech that provides a review, repair and monitoring service across all 5 of the main rating agencies in the UK. We work across all sectors and with SME’s to Plc’s. In our first year alone we added over £82m in trade credit terms for our clients.
Our aim? Simple, we want to help all of our clients understand and have access to the best trade credit terms they can get.
Are we succeeding? Just look at what a few of our clients say about us.
What We Stand For
Lightbulb Credit has been built with integrity underpinning everything we do. Our client’s ratings should reflect the business that is operating right now. We feel passionate about this. We are innovators, driving the agenda on improving companies access to the best credit terms they can get. We work across the whole market, we can offer advice and insight into any issues relating to your companies trade credit ratings.
Why Use The Service?
If you don’t know your company’s trade credit ratings then you should probably take a look. Using our free review service to step outside of your company and see what the outside world thinks of you. This can often be an enlightening experience for directors and business owners. We hear the words “Well that’s just wrong” said so many times by owners and directors alike. How do you fix it? Simple, contact us today and we will work with you in a simple but effective way to ensure that your company gets the credit it deserves.
What Our Clients Say
Here are a sample of customer testimonials
I am the Interim CFO of a division carved-out from a quoted multinational group. Despite having made significant progress with the transparency of the accounting and steadily improving financial performance (including having good DBT ie paying suppliers quicker than average in our industry) we were not getting the recognition I thought we deserved from the credit reference agencies.
I, therefore, employed James Piper and Lightbulb Credit to see what could be done to ensure that our credit reputation truly reflected our creditworthiness. James very quickly got to work, requesting various pieces of key information and then building our case that he then provided to the independent credit assessment teams at two key agencies. Within a few days, we achieved a re-rating at a level commensurate with our true financial position.
I would have no hesitation in using Lightbulb Credit again in the future for similar work.
Having worked at a senior level within a large house building plc’s, my business partner and I decided to create our business. This was early in 2016. As our business evolved and grew it became clear that our credit profile within the industry was critical to our success. We engaged with Lightbulb, in James Piper, in October 2018 to review and create a strategy to improve our credit rating so that it reflected truly the way our business was being managed and the financial strength of our business. This is a real challenge for new business and is often underestimated in terms of importance.
James and his team delivered immediate improvement, almost overnight, but also created a strategy that over a few months resulted in significant improvements that led to business security and a clearer path for future success.
James and his team are a very proactive business that understands how business works. We would have no hesitation in recommending Lightbulb as a future business partner that will help create and maintain a platform for success.
James and the team have made a significant improvement in our ratings and credit limits across several of our group entities. This tangible result has delivered great value and I cannot recommend them highly enough. They know the credit market and their insight has been invaluable.
We have been working with Lightbulb Credit across the majority of our portfolio companies to ensure their credit ratings are fully reflective of the current financial and managerial position. Through a process of active engagement with each of the agencies, the credit ratings of many of these businesses have improved materially.
Lightbulb Credit's extensive experience in this process, strong relationships with credit rating agencies, and deep understanding of the drivers of credit ratings have been instrumental in enabling these improvements. We will continue to work closely with Lightbulb credit for future investments.
Lightbulb Credit’s ability to simplify the complex, provide insight and deliverable solutions across our group was very helpful. James provided excellent guidance and support throughout the review, analysis and solution process.
James approached us after our year end to see if we wanted to improve our company credit score. It had recently plummeted because we had recently divided the business into separate subsidiaries and the CRA weren’t looking at the consolidated business. The drop in our score was really hurting our business reputationally.
James made pretty bold claims, suggesting he could move us from very high risk to low risk in the space of a few weeks. I was slightly skeptical, but to my delight and surprise he moved our scores up to exactly where he said they would go.
They clearly have all the right contacts and know how to present evidence to the CRA’s to get fantastic results.
Thank you James and team.
Lightbulb Credit listened, offered us a solution and delivered. We will use them again in the near future, the value that can be unlocked from improving your trade credit ratings and limits should not be underestimated. A valuable, impactful and rapid service.