PracticeConsultingPerformance Analysis – H-Score shows route to health

Performance Analysis - H-Score shows route to health

Several leading accountancy firms are evaluating a new method for assessing the health of companies, based on computer-aided analyses of their published accounts.

Founded by two chartered accountants, a programmer and a mathematician, London-based Company Watch has been marketing its service since February.

Company Watch combines Excel-based analytical tools and regularly updated data on 125,000 companies to help accountants, analysts and bankers evaluate their performance in their sector.

It compares seven factors, from profitability to asset-related issues such as liquidity, with an analysis of how the company handles its funding.

The result is the H-Score, a compound number derived from the performance of similar companies to the one analysed.

Company Watch chief executive Guenter Steinitz said: ‘The program is interactive, so the user can see what impact different strategies would have on the H-Score.’

He said even a company’s auditor would pick up new insights using the method.

The basic licence fee per user is £6,000 a year plus £350 a month for data updates.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer