What Is Qynn Score?

Qynn score was developed to provide an immediate point of reference to company solvency, or, in the case of individuals, to accurately and reliably track performance whilst they are a director of a business.

Owing to the time delay between company filings and company reporting, Qynn score should not replace due diligence or supplier management metrics. We would always urge that you understand the state of a company’s finances since submission, however Qynn score will give you a highly accurate snap shot of individual and company performance.

How does it work for companies

For companies, the score ranges from 0 – 100. The higher the number, the more confidence that one should take in the company’s ability to repay debt. Any company with a score between 0 – 49 means that they cannot repay their debts and should be treated as a going concern. 50 is that the level of assets matches the current level of debt. Any company with a score over 50 (ie: 50+) means that they are solvent and, at the time of submission, could meet their obligations and have spare cash in the business.

How does it work for individuals

For individuals, the principles applied to companies have been applied to a local, director level. By this, we take the individual company score, or the collective companies scores, and assign these values to the individual directors. The higher the score, the better the performance and the more solvent the company or companies under those directors are. We then track historical performance and aggregate this to provide one score which attaches to the director.

How do we do it?

We are able to do this given the level of granular data that we hold on every company in the UK and the historical performance that they report. The algorithm that we built takes the as reported, financial performance and applies a number of criteria and weightings to these. The individual gearing and weightings for the solvency calculations are all entirely based on the reported numbers produced by the business, or individual in question. Therefore, the numbers are not subjective and we have applied these to provide a quick reference guide which shows how well a company is run or, how well an individual director, or group of directors, performs.