Asset Tracing Reports
Find UK People® are a U.K. leading financial background tracing company who have significantly invested in its asset tracing service.
Our unparalleled financial background tracing service, acknowledged as a front-runner within the industry, is efficiently concluded.
The comprehensive financial background report service administered by Find UK People® is designed to furnish up-to-date details concerning assets and liabilities.
This esteemed financial background report, also referred to as a financial asset check, serves as a crucial tool for creditors in ascertaining the most appropriate course of action pertaining to legal proceedings and enforcement measures. It encompasses the identification of vital financial particulars pertaining to a subject, thereby enabling the selection of the optimal method of enforcement based on pertinent financial intelligence, whenever accessible.
Find UK People® has consistently exhibited exceptional efficacy in tracking and retrieving assets and liability information within the geographical confines of the United Kingdom, thereby yielding remarkable success rates.
Great info, got the information I needed to put a charge on a debtors property, whom had moved and was proving to be very illusive, very cost effective service.
Why people choose us
No trace, no fee
If we don’t find your subject you don’t pay a penny.
Financial background reports are supplied on a full and final basis.
Fast 7 day service
Results in 7 days, in most circumstances.
Results that are accurate and can be relied upon.
In depth financial background reports
- Free address trace
- Current & Past directorships*
- Employment information (current employer)*
- Disqualified directors search*
- Insolvency register searches*
- Telephone numbers (home & employers)*
- County court judgments*
- Company financials*
- Property ownership & current price*
In addition to presenting a comprehensive overview of an individual’s financial status, our financial background report includes an exhaustive property ownership search. This search serves as a verification tool, meticulously cross-referencing the obtained data with the authoritative Land Registry database, which is renowned for its reliability in providing property ownership information in the UK.
The property ownership search is meticulously designed to be thorough, ensuring whether there is a complete or partial match against the individual’s name. This process plays a vital role in establishing any property associations the individual might have, which is critical information when assessing their financial standing. Furthermore, the search provides insights into the ownership status of the property, including whether the individual is a Joint Proprietor, indicating shared ownership, or a Sole Proprietor, signifying sole ownership. Additionally, the search reveals the title number of the property, further strengthening the authenticity and accuracy of the data. However, it is important to note that certain limitations are specified in our disclaimer with regard to this search.
Our financial background report extends beyond property and financial details to include a meticulous manual investigation into the individual’s current employment status. This investigation is carried out by our experienced team of investigators, utilizing various methods to uncover this information. Typically, this investigation yields details about the individual’s present employment, offering valuable insights into their professional situation and potential financial stability.
The information derived from the property ownership search and the manual employment investigation constitutes a significant portion of our financial background reports. These reports provide a comprehensive examination of the individual’s circumstances, offering a more in-depth overview. They amalgamate data from diverse sources, resulting in a robust profile encompassing the individual’s financial and employment status. Such reports serve as a valuable resource for anyone considering litigation, enabling them to make more informed decisions.
By incorporating a property ownership search and a manual investigation into the individual’s current employment status within our financial background report, we aim to provide a comprehensive and detailed perspective. This allows you to make well-informed decisions based on the individual’s overall financial standing, property ownership, and current employment situation. Our ultimate objective is to equip you with relevant and comprehensive information, ensuring your preparedness for potential litigation proceedings.
Why use a financial background report
A financial background report, also known as a pre-litigation report, is an essential tool for creditors in the UK looking to enforce a County Court Judgment (CCJ). This report provides a comprehensive financial profile of a debtor, including their assets and liabilities.
By using a financial background report, a creditor can identify the debtor’s properties, vehicles, investments, and other valuable assets. The report also exposes the debtor’s liabilities, such as existing loans or mortgages, which might impact their ability to repay the debt.
Understanding a debtor’s financial status is crucial for effective enforcement of a CCJ because it indicates what assets could potentially be seized or used as leverage to recover the debt. For instance, if a debtor owns property, a Charging Order could be applied to secure the debt against the property.
Moreover, knowing the debtor’s liabilities will prevent a creditor from wasting time and resources pursuing someone who genuinely cannot pay due to insolvency or severe financial hardship.
Therefore, using a financial background report is recommended to make an informed decision about pursuing legal action and to strategize the best route for debt recovery. This report reduces the risk of unsuccessful enforcement and can potentially save a creditor from unnecessary legal expenses.
*Subject to terms of service – all background & pre-litigation reports are supplied in best of faith but we do not guarantee that the report is a true reflection of a subjects actual full status or complete ownership of assets. We only provide sourced asset information and supporting data from our investigations. See terms of service for full details.
Frequently asked questions
Is financial background tracing no trace no fee?
✅ Peace of mind!
All of our financial background tracing services are fee per case.
What information do I need to complete a trace?
ℹ️ We don’t need much!
All you need is the persons name and either their old address or date of birth.
How long does the trace take?
💨 7 days fast!
Normally just 7 days and a maximum of 30 days.
Is the information guaranteed?
💸 Only if we can’t locate someone!
All of our supplied information is on a full and final basis without refund or retrace guarantee.
When and how to use a financial background report?
ℹ️ Asset & Liability Information
Pre-Litigation and Financial Background Reports provide comprehensive investigations conducted by experienced analysts to gather crucial information before legal proceedings.
These reports confirm and validate the debtor’s current address and identify key assets, such as motor vehicles, through open-source intelligence. Lifestyle checks are conducted to identify high-value assets and assess the debtor’s financial status, including their income, expenses, and existing financial obligations.
The reports also include information about the debtor’s current and past directorships, employment details, property ownership, estimated property value, disqualified directors search, insolvency register searches, CCJ search, and company financials.
These reports assist in evaluating the debtor’s financial background and provide valuable insights for effective debt recovery and litigation strategies.
How can a financial background report help?
💻 Online research experts!
A pre-sue or financial background report on a debtor in the UK can be extremely helpful to a creditor as it can provide crucial information about the debtor’s assets, liabilities, and overall financial standing. Such reports can be conducted before legal proceedings begin, allowing the creditor to assess whether it is worth pursuing the debt or not, given the debtor’s ability to repay.
This report would usually include information about the debtor’s assets and liabilities but this list can be limited by availability or GDPR compliance.
- Income: Regular earnings and their source, for example, employment or self-employment identification.
- Property Ownership: Any properties they own, either solely or jointly.
- Investments and Savings: Details about any major assets that the debtor has but this can be limited due to data protection.
- Company Ownership/Participation: Information regarding any companies the debtor owns or is involved in, which might indicate potential assets or income sources.
- Vehicles: Cars, boats, or other vehicles owned by the debtor but this can be limited due to data protection.
- Liabilities: This includes any other debts the individual has in respects of outstanding CCJs, or financial obligations, which could affect their ability to repay.
- Bankruptcy or Insolvency History: Any previous bankruptcies or insolvencies, which might indicate a riskier debtor.
- Court Judgments: Any previous or ongoing litigation, including County Court Judgments (CCJs), which could affect their ability to pay.
By thoroughly analyzing these factors, the creditor can identify which assets may be available for enforcement of a CCJ, should they successfully obtain one.
In terms of enforcement of a CCJ, the information from the report can guide the creditor to select the most suitable method. This avoids a trial-and-error approach, saving time and resources. Instead of guessing, the creditor can make an informed decision based on facts.
Here are the most common methods of enforcing a CCJ, and how the pre-sue report can help select the right one:
- Warrant of Control/Writ of Control: This enforcement allows bailiffs or High Court Enforcement Officers to seize and sell goods owned by the debtor. The report can reveal if the debtor possesses valuable physical assets that can be sold to recover the debt.
- Attachment of Earnings Order: This order requires the debtor’s employer to deduct payments directly from their earnings and send them to the court. The report can confirm whether the debtor is employed and thus if this method is viable.
- Charging Order: This enforcement secures the debt against property or investments, such as stocks or bonds. The debtor cannot sell these assets without paying what they owe. The report can confirm whether the debtor owns property or other assets that could be used for a charging order.
- Third Party Debt Order: This enforcement freezes money held in the debtor’s bank or building society account. The report can reveal if the debtor has significant funds in their accounts.
- Bankruptcy Proceedings: This enforcement may be viable if the debt is significant and other methods have failed. The report can show if the debtor has previously been declared bankrupt, which might affect the viability of this enforcement method.
By using a pre-sue report to understand the debtor’s financial situation and identify assets and liabilities, a creditor can ensure they pursue the most effective enforcement method. This makes it more likely that they can recover the debt, and reduces the risk of unnecessary costs and wasted time.
Can you conduct a financial background check on a Company?
🤝 No business data
Find UK People does not offer financial background or pre-litigation asset and liability checks on companies in the UK. The primary reason for this limitation is that the company specialises in conducting checks on individuals rather than businesses. Find UK People has expertise, resources, and access to data that is more geared towards performing checks on personal credit footprints, background histories, and asset/liability assessments of individuals.
While the company has access to individual credit information from UK credit agencies and other sources, it does not have the necessary resources or access to comprehensive data needed to conduct similar checks on companies. Financial information about companies, such as credit history, property assets, and banking details, are more complex, confidential, and protected from access/ view compared to individual financial records for legitimate interest.
As a result, Find UK People focuses on providing services that cater to individual background information, utilising their credit information and associated information to offer accurate and efficient financial background checks for its customers.
Will a financial background report give full transparency of a subjects financial status?
💰 Asset & Liability Information
Despite our financial background reporting services being delivered in good faith, they may not entirely represent the subject’s status or assets, as they are based on allowable third-party data and a strict template that we follow. We comply with UK data protection regulations and do not provide personal data such as bank details, banking statement data, amounts held in any UK accounts, personal assets, company data, offshore assets, partners assets or liabilities, National Insurance data, DVLA data, PAYE, Pension, Benefits or HMRC data.