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How will starting a company (uk ltd) affect my credit score? Will it be negative?

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It certainly won't if you just start one. – David Dec 11 '11 at 22:42

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The business itself will not effect your credit score but as a start-up you as a director will probably need to personally guarantee any borrowings or finances. A bank will run credit checks against you as the personal guarantor and this will appear on your credit file.

Wile not damaging it can in some small way affect your rating.

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True, but not all businesses need finance, so this may not apply. – Steve Jones Dec 12 '11 at 17:37
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A UK plc is nothing to do with any individual's credit score.

Bear in mind that starting and running a plc requires a lot of paperwork, compared to a UK ltd.

What makes you thing a plc is the way to go?

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Actually looking into it I want a ltd rather than a plc. Does your answer still apply? – Tom Squires Dec 12 '11 at 9:29
There is no reason why opening an ltd should effect your credit score, as the whole point of a "company" is that it is a separate legal entity to the people involved. Of course, if you take out loans in the business, secured on your personal property, or guaranteed by you, then it would, quite rightly, have an adverse effect on your personal score. – Steve Jones Dec 12 '11 at 9:39

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