checkSURE Choice, a new service that enables shareholders to monitor the business performance of companies in the FTSE 100 index, has been launched by checkSURE, the online credit checking service.
checkSURE Choice provide an easily understood, continuously updated indicator of a FTSE 100 company's business prospects. The service gives the odds on a company running into severe financial stress in the coming 12 months - for example, dissolution, liquidation, receivership, petition for winding-up, resolution for winding-up, winding-up order, creditors meeting or administration. checkSURE Choice FTSE 100 is priced at £19.99 and allows investors to monitor the credit score of companies listed in the FTSE 100 share index for a whole year.
Neil Jones, Managing Director at checkSURE, commented: "In the recent high-profile scandals like WorldCom, investors lost billions through being kept in the dark. Six months before the WorldCom debacle, checkSURE's data revealed that the UK subsidiary had a 2 in 5 chance of suffering from a severe financial crisis in the next year. This shows the benefits investors can gain by having as much information as possible on which to base their choices about the shares that they invest in."