top of page
winnie onyekwere

How to check for Financial Status when hiring a tradesperson: A complete step guide

Updated: Jul 22, 2023


Home renovation is a big project that requires careful planning, budgeting and hiring the right professionals. Whether you want to remodel your kitchen, bathroom, living room or garden, you need to make sure that the people you hire are qualified, reliable and financially stable.

tradesperson fixing a part to a sink

Why is it important to check the financial status of a tradespersons to hire when planning to renovate your home? Because you don't want to end up with a contractor who goes bankrupt halfway through the project, leaving you with unfinished work, unpaid bills and legal disputes. Or an architect who overcharges you for a design that doesn't meet your expectations or building regulations. Or a landscaper who uses substandard materials and plants that die within weeks.


Checking the financial status of home renovation tradesperson can help you avoid these scenarios and ensure that you get the best value for your money. It can also help you negotiate better terms and prices, as well as protect your rights and interests in case of any disputes or problems. But how do you check the financial status of home renovation tradesperson? Here are some steps to follow:


woman carrying out a financial status check on laptop

1 Do your research


Before you hire anyone, do some background research on their reputation, experience and credentials. You can use online platforms to read reviews for different standards, see examples of their work and compare ratings. You can also ask for recommendations from friends, family or neighbours who have done similar projects.


woman holding a guide whilst asking another woman for a tradesperson referral

2. Ask for references


Once you have a shortlist of potential candidates, ask them for references from past clients. Contact these references and ask them about their experience with the tradesperson, such as the quality of work, timeliness, communication, costs and any issues or complaints. You can also ask them if they would hire them again or recommend them to others.


man asking a building contractor about a quote standing in front of a house

3. Request a quote


After you have checked the references, request a detailed quote from each tradesperson. The quote should include a breakdown of the costs, such as labour, materials, fees and taxes. It should also specify the scope of work, the timeline, the payment schedule and the terms and conditions. Compare the quotes and look for any discrepancies or red flags, such as hidden charges, unrealistic deadlines or vague clauses.



completed kitchen renovation  showing high spec fixtures and fittings

4. The financial status check


Finally, with all this in the round, it is vital that before you set about hiring the professional or tradesperson that you check for the financial status of the company to assess their creditworthiness, solvency and reputation. By running a CCJ financial status tradespersons check https://www.registry-trust.org.uk/ not only will you have peace of mind that you won’t be left tens of thousands of pounds out of pocket, but you’ll also have the assurance that there will be no evidence of any digital footprint being made after your check has been carried out against the name of the company. By following this guide for financial status tradesperson check you can make an informed decision on who to hire. Remember that home renovation is an investment that can add value to your property and improve your quality of life. So don't settle for less than what you deserve and expect. Therefore, whoever you pick, it is crucial that you take your time and carry out your search.


Winnie Onyekwere


We welcome views and opinions about the issues raised in this blog.

Removal CCJ UK help to advise on ways to protect your financial wellbeing. Are you looking to hire a tradesperson? Use Remove CCJUK to search the register to check whether a company or tradesperson has a history of court records or financial judgments. Please use the Contact Form and request your Free Initial Consultation.


Related Topics



0 comments

Recent Posts

See All

Comentarios


bottom of page