TextScore® for UK Companies – Launch info
Company Watch recently launched their new scoring mechanism, TextScore® for UK companies.
While traditional scoring is based on financial figures contained within annual and interim financial reports for publicly listed and large private companies, Company Watch have looked at the how the supporting text can also give a credit score.
The team have developed TextScore®. This uses a natural language processing (NLP) approach to look specifically at the text in a company’s financial accounts to give another perspective on the company’s financial health.
The scoring is calculated using advanced AI techniques to identify the patterns of words/phrases that may be indicative of financial distress.