Guided by their country's privacy regulations, the majority of schools in the UK require signed consent
in order to verify degree information on former students.
Likewise, a significant percentage of
UK employers -- but not all -- will require signed consent in order to verify personnel information.
If you can obtain consent, you are going to be able to access valuable
information that would otherwise be restricted.
It is important to note that many litigation searches in the UK often require
physically visiting the courts to directly place inquiries with court clerks.
Less serious criminal cases are handled by the Magistrates
Court; more serious offenses are transferred to the Crown Courts. Subsequent appeals and cases of high
importance will be elevated to the High Courts.
These national and local records will cover approximately the last five years.
A full criminal check in the UK from the Disclosure and
Barring Service (DBS) can only be requested by the individual. An employer or "umbrella organization"
can apply for a DBS check on a person only if a job requires DBS clearance (teachers, for instance),
but not for the purpose of investment due diligence.
Credit-related information on companies in the UK is readily
available. This information typically includes a CreditSafe rating and key financials. It will also
provide commentary relevant to the determination of the credit rating, top shareholders (if available),
and rating history.
Privacy laws in the UK more heavily regulate what information can be reported to credit
reporting agencies, and as a result, credit reports on individuals in the UK do not provide the same
information one might expect to find in a US credit report.
Full credit reports on individuals in the UK are only available to a restricted
group of members that typically includes banks and mortgage lenders, etc. Due diligence providers do
not qualify as a member of this group. Outside of this option, the only alternative for pulling a
credit report is for the individual to personally request it from one of the credit reference agencies.
Being aware of what information is available in the UK, and how to obtain it,
places you in a favorable position to conduct meaningful and thorough
Utilizing Check Fund Manager's on-site UK investigator and obtaining signed consent
will help put you on a successful path.
COURT RECORDS UNCOVER
HIDDEN CORPORATE DISPUTE
Media research disclosed that an investment firm we were researching had entered into a
cooperative business partnership with another company.
What media would NOT tell you is that the target of our investigation
had filed suit in the Queen's Bench Division of the High Courts against the latter firm.
Through extensive litigation searches, our on-site investigator found that
the case involved defendants who were former employees of the target company. The suit took over a
year to settle, and the documents were sealed from public access.
We have since discovered that the firms are no longer in partnership, which
would be critical information to know as part of an evaluation for a potential investment.