Professional Services: Reducing Onboarding Risk

A regional accounting firm in Leeds specialises in high-value corporate advisory work. Before entering long-term engagements, the firm must be confident that clients are legitimate, financially stable, and not likely to present compliance or reputational risks.

Using AlertFlag

• Performed checks on a new prospect claiming to be a rapidly growing "market leader".
• Director history showed three recently dissolved companies with unpaid creditors.
• Social and online presence was unusually thin relative to the claimed scale of the business.

Outcome

The firm decided not to take the client on. This avoided the risk of unpaid professional fees, potential money-laundering red flags, and reputational damage. AlertFlag is now integrated into the firm's standard onboarding workflow for new corporate clients.