How to Strengthen Your Bond Application
Your financial position plays a crucial role in the success of your bond application. When applying for a Road and Sewer Bond, underwriters carefully assess several financial factors to determine whether you are a reliable and low-risk applicant.
In this blog, we’ll explore practical steps you can take to strengthen your bond application. From improving your credit score and managing debt levels, to optimising your gearing ratio and providing clear financial records, we’ll highlight the key financial and operational factors that can improve your chances of approval and help you secure bonds more efficiently in the future.
| At RS Bonds, we are the only company in the UK that specialises solely and exclusively in the procurement of Road and Sewer Bonds. Simply fill in our easy application form, and our knowledgeable team will assist you in obtaining your Road or Sewer Bond. Request a free quote today. |
Financial Strength & Accounts
Maintain strong financial accounts – Clear, up-to-date, and well-presented financial statements show underwriters that your business is well-managed.
Improve your credit score – A healthy business and personal credit score reflects reliability and lowers the perceived risk.
Manage gearing ratio – Reducing debt compared to equity makes your business appear more financially stable and capable of meeting obligations.
Strengthening the Application
Offer additional security – Providing collateral or security demonstrates commitment and reassures underwriters.
Widen indemnity – Including multiple companies within your group as indemnifiers provides added reassurance, as more parties are standing behind the bond.
Showcase track record – Highlight successful completion of previous large projects, particularly where roads and sewers have been adopted and bonds successfully cancelled.
Cancel old bonds – Extinguishing live bonds that are no longer required frees up capacity, making it easier to secure new facilities at competitive rates. (learn more about our bond management programme here)
Other Factors That Add Weight
Directors’ CVs and experience – Demonstrating strong leadership and proven industry expertise gives underwriters confidence in your ability to deliver projects successfully.
Provide LA inspection reports – Supplying Local Authority inspection reports on live sites shows transparency and evidences compliance with standards.
Secure Your Road Or Sewer Bond With RS Bonds
At RS Bonds, you can obtain a Road and Sewer Bond with ease. Our team’s 50 years of experience means we remain the market leader in the road & sewer surety bond market. If you have any questions or queries, please contact us, and our knowledgeable team will be happy to help you.
0161 518 9616
