Tracesmart news

The ever expanding Tracesmart® dataset portfolio continues to grow with the inclusion of current Bankruptcy and Individual Voluntary Arrangement (IVA) records for England & Wales.

The new insolvency search can be accessed by all corporate clients through both our Tracesmart® and Smart ID Plus™ websites; this new addition will play a vital role in both people tracing and identity verification exercises.  Adam Smith, Marketing Manager at Tracesmart Ltd elaborates:

Quarter on quarter and year on year, individual insolvencies have risen at an alarmingly rate; the insolvency service reported a 60% rise in insolvency arrangements in 2006 when compared to the previous year, with over 100,000 persons declared bankrupt or subject to an IVA.  Knowing that a prospect or existing customer is insolvent has wide ranging implications for our clients and we are providing access to this information at the touch of a button.”

When a trace is performed the system automatically conducts both a bankruptcy search and IVA check on results (which are flagged with any matches), letting you know instantly if the person is subject to insolvency proceedings. An independent insolvency search can also be carried out, on both our tracing and ID software, if you wish to screen someone specifically for personal liquidation.

Our insolvency database is updated on a daily basis which ensures that all information supplied is both current and relevant. For further information on this, or any of our other services, please contact us via our corporate contact form or call our team on 0870 420 4886.

04/05/2007 - Insolvency Search