Help CenterThe Company Age analyses the Incorporation Date of the company and provides insight into how recently the company has been formed.
Why is this important?
The Age of a company could indicate the level of risk when trading with them. For example, if a company is very young and in its early stages, then they are less mature in terms of stability. In comparison, a company which has been trading for many years is likely to be more established and a lower risk to trade with.
What is the insight state for this?
detected: 'More than 6 months old' - When a company was registered at least 6 months ago
What should I do with this insight?
If the company is less than 6 months old, then it may be a risk to trade with them. You could research into their financial stability to provide some reassurance, whilst also taking the other insights into consideration to aid your decision making.