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1. Costs – No Contractual or Advanced Fees

  • There are NO membership or subscription fees to access our online databases
  • You ONLY pay a pre-agreed price for reports purchased
  • We have thousands of Lithuanian company business credit reports available via our online databases.

2. Instant Lithuania Reports

  • All reports are INSTANTLY available via our online databases
  • Alternatively, we can provide freshly investigated business reports which are emailed via delivery options below:
  1. Flash delivery: 1 Working day
  2. Express delivery : 3 working days
  3. Normal delivery : 5 working days

 

 

 

 

 

3. What’s included in the report?

  • Ownership & Management
  • Financial Details
  • Default Information
  • Credit Scoring & Rating
  • Automatically delivered in English with reports also available in Lithuanian & German

4. Where is data sourced?

All information and data is sourced by our local experienced dedicated team which is updated on our databases constantly on a daily basis. We cover all 87 Districts in Lithuania. Creditreform has a local office in offices Vilnius.

Business Report Request

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Lithuania Business Credit Report Services

 

Creditreform operates a global specialist International Business credit report service. We have local offices and fully approved international risk analysis experts in every country worldwide. This enables us to provide expert up-to-date business credit report information on businesses anywhere in the world.

Main reasons why our business credit reports are so important they enable clients to trade with confidence.

The local International Business Credit Report Partners are able to:

  1. Assess local businesses trading activities.
  2. Update information immediately if there are any changes.
  3. Give accurate feedback based on the local economies.
  4. Communicate effectively with businesses as they share the same time zones.

 

Herewith details of our business credit reporting service in Lithuania

Location of business credit reporting office in Lithuania?

Vilnius

Number of business credit reporting staff?

5

How long been operating a business credit reporting service in Lithuania?

27 years

How many registered companies are there in Lithuania?

445874 companies

How many company registries in Lithuania for businesses? (i.e. UK just has 1 central registry)

1 Center of Register

What are the most common type of companies in Lithuania? (i.e. in UK we have Private Limited / Public Limited / Sole Proprietors / Partnerships)

Private Limited/ Public Limited

What type of business credit reports do you provide, i.e. Database / Investigated?

Business credit reports prepared by an analyst, Bignet report

Delivery Times for Investigated business credit reports in Lithuania

Bignet Online – immediately

Business credit report freshly prepared by the analyst

Normal Business Credit report Service  – 5 working days

Express Business Credit Report Service – 3 working days

Flash Business Credit Report Service –  1 working day.

What additional information can be obtained in an investigated business credit report compared to a database report?

Additionally, the number of vehicles, information from press and media, tax arrears, debts for SODRA, arrest acts, detailed information about claims at courts, company’s financial indicators are included in the report prepared by the analyst.

What information is compulsory to be filed in Lithuania (i.e. Financials / Shareholders / Share Capital / Directors / Management)?  

All this information is obliged to be provided to the Register. There are only some exceptions regarding the information about shareholders.

Do business credit reports contain negative information? (for example, bankruptcies, court judgments, insolvency details, negative payment history, etc) 

Yes, all this information is provided.

Are financials required to be filed in Lithuania?

The submission is obligatory for all types of companies, except individual companies, branch offices and some state companies.

If yes, how often are financials required to be filed by Lithuania?

The shareholders‘ meetings have to be organized after the four months since the end of financial year. Thus, in case of standard year 01.01-31.12 the term of meeting is until the 1st of May and in the period of one month the companies have to provide their financial accounts to the Center of Registers.

There are also non-standard financial years, for example 01.07-30.06, but the principle is the same.

What are the penalties if a company fails to file their financials on time?

There is a reminder at first, then a penalty. Amount of penalties ranges from € 200 to € 3,000.

Do you provide a monitoring service in Lithuania?

yes, we do.

If yes, what information can be monitored for each company?

The example has been attached.

Do you provide Consumer / Private Person reports?

We can provide such reports only with a condition, that a private person has signed the consent to collect data about him. If he does not agree, we cannot prepare such report.

Are you able to provide a sample business credit report that we can advertise on our website to new customers?

The example has been attached.

Lithuania Economy:

Currency: EURO

GDP Ranking: 83rd

Population: ca 2.8 million

The main industries of Lithuania include: Petroleum refining, food processing, energy supplies, chemicals, furniture, wood products, textile and clothing

Main Trading Partners of Lithuania:

Export partners:  Russia 15%, Latvia 9.9%, Poland 8.1%, Germany 7.3%, USA 5.3%, Estonia 5%, Sweden 4.8%

Import Partners: Russia 13%, Germany 12.3%, Poland 10.6%, Latvia 7.1%, Italy 5.2%, Netherlands 5.1%

Sweden 4%

Do business credit reports contain negative information:

Yes, the reports include negative information

Do you provide consumer credit reports in Lithuania?

Available Upon Request

Specialist Debt Recovery Service Lithuania No Win No Fee

There are many unique requirements to international debt collection services in all countries including Lithuania debt collection services which differ from the UK debt collection agency services and therefore it is very important that cases are handled directly by our expert Lithuania debt collection agency and not from debt collectors UK. This method of Lithuania debt collection sets Creditreform aside from the competition who in many cases will operate an international debt collection service from a UK debt collector only. Using the local Lithuania debt collection agency enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.

Lithuania Tracing No Find No Fee Tracing Service

Creditreform’s debt collection company service also uses expert international tracing agents including Lithuania tracing agent services to locate any absconded debtor. This tracing service is provided on a No Find No Fee basis only charging for a successful trace.

Specialist Business Credit Report Experts

There are many unique requirements to providing international business credit reports in all countries including Lithuania business credit reporting services which differ from Credit Reports UK services. Therefore it is very important that information is obtained directly by our expert international local business credit reporting partners and not from the Credit Report UK services. Our multi lingual local partners are able to provide all business credit reports in English including the bespoke investigated business credit reports.

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“We are pleased with the friendly and efficient service of Adrian Harding and staff at Creditreform in collecting outstanding overdue debts on our behalf. Some accounts, especially those located overseas have been difficult customers but we are pleased with the high rate of success. We also appreciate that they keep us informed and constantly updated on the progress of the collection”
Bryan de Beer, Phoenix Fragrances
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“Within 48hrs of Creditreform being involved a resolution was agreed and within the week paid in full. The professionalism of the Creditreform team was second to none and I would and indeed do recommend them to colleagues in a similar difficult position This situation was the first time we have had to employ a company for debt recovery and it was good to feel that you have someone else ‘on your side’.”
Dean Lake, Lake Contracts
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“We have been using Credit Reform for a number of years now and we have always been dealt with in a professional and friendly way. Over time, Creditreform have managed to achieve good results for us. Would definitely recommend.”
Anna Zhakrova, Catering Hygiene Specialists Ltd
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“I have worked with Creditreform for many years and always received a first class service. Keep up the good work”
Russell Hardwick, MSC Industrial
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