42. Ormsby Street

Founders: Martin Campbell, Robert Drury, Stuart Dawson and Eamon O’Dwyer
Founded: January 2014 (launched November 2014)
Website: www.ormsbystreet.com

Late payments and cashflow are the scourge of small business owners the world over, inhibiting growth and threatening their very future. While working on a ‘credit score subscription service’ for Barclays, Martin Campbell, Robert Drury, Stuart Dawson and Eamon O’Dwyer saw the potential for their product to combat these cashflow problems.

Using the data they had built up with Barclays they created CreditHQ (the first product for their business Ormsby Street in November 2014): an online tool that helps small businesses take control of their cash by providing financial insights to spot late payment trends.

The basic subscription in the UK is free, providing users access to more than seven million company records, with the standard subscription providing a more detailed credit and payment score, including up-to-date financial information such as net worth, assets, liabilities, sales, and details of adverse credit events.

In the UK alone, CreditHQ has 27,000 small business users, with more in Germany and Italy thanks to a partnership with Deutsche bank. This is the second appearance in the Startups 100 for Ormsby Street, which continues to innovate and develop new products and will focus on securing new partnerships with banks throughout 2016 to help reach as many new customers as possible.