Conclusions on insolvency scoring methodology for 2021/22 levy year
In December 2019 we introduced new insolvency risk services with Dun & Bradstreet and published a consultation on our insolvency scoring methodology from 2021/22 onward.
We have now published our policy statement setting out our conclusions following this consultation. Respondents were supportive of our proposed approach and the basis for scoring will be largely unchanged from that consulted on. However, we have carefully considered suggestions for change and will be introducing a number of improvements to our services.
The mean average of twelve monthly scores generated between April 2020 and March 2021 will be used in calculating levy invoices to be issued in autumn 2021.
Dun & Bradstreet scores
For the 2021/22 levy year we'll be using insolvency risk scores produced by our insolvency risk partner Dun & Bradstreet.
The first monthly score used to calculate the levy will be generated in April 2020. You can view your scores in our portal and engage with customer services through different channels.
It’s important that D&B are using accurate information. In particular, if you previously self-submitted accounts to Experian, you will need to provide these to D&B as well.
You can arrange self-submission of accounts data to D&B by telephone in the first instance. Call 0345 600 2541 and select option 2.
Take part in future consultations
Over the coming months, you'll be able to review and give your feedback on policy for the 2021/22 levy year.
In Summer 2020, we’ll be consulting on wider areas of the levy framework.
In Autumn 2020, we’ll publish and consult the draft levy rules for the 2021/22. These draft rules will reflect the conclusions of consultations on insolvency risk and other areas of our framework.