Tracking distressed businesses..16 Jun 2009 08:29
Launch of cutting edge health check monitor for firms Tenon Recovery today launches its "Tenon Tracker" early warning system, specifically aimed at flagging up potentially distressed businesses.Following a 12 month software revision, the system offers a cutting edge, real time resource for users to analyse the financial status of businesses. Using a comprehensive database of both limited and unlimited UK businesses, Tenon Tracker allows the targeting, identification and monitoring of financially challenged companies and partnerships Banks, asset-based lenders and other financial services providers will all be granted free access to this new service on request, and referrers including independent accountancy practices will be able to scrutinise their client bases for distressed businesses. Developed originally within the Recovery service line to highlight deteriorating trends and provide immediate notice of adverse information such as County Court Judgements and Winding-Up Petitions, the revised version has been extended to broaden existing distribution channels. Tenon Tracker will assist all service lines within the Group, and will be offered to trading partners, financial institutions and referral sources.