Cleaning and FM specialist Nviro continues to demonstrate growth and profitability with the release of its latest credit rating report from Dun & Bradstreet. The report sees the company upgraded to a 2A1 rating. The 2A represents the size bracket of the company Nviro belongs in, 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 and marketing, supply management, and decisions worldwide. D&B is considered to be the leading and most objective risk-indicator that supports companies. 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,” said 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 well-being 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.