Source types

Free registers or paid databases: what each source adds, and what it hides.

A review can rest on free public sources, on paid data providers or on both. The difference matters to what a finding rests on: a free official record is the source itself, while a paid database is a provider's compilation of records, with fields it may derive. This page compares the two as source types and explains how a report names which one each finding came from, so you can judge the weight of it.

Primary recordCompiled dataSource namedGaps stated
Why the source type matters

Is the finding the record itself, or someone's reading of it?

Public registers and the company's own pages are the primary material: what they show can be cited and read by anyone. A paid database collects, standardises and adds to those records, which makes searching easier and may bring in fields the primary record does not give. That convenience carries a lag, and the provider's method is not always visible. A finding that rests on a public register or company material cites the primary record. A compiled extract that you supply, derived fields included, is client-provided and is not read as verified fact.

Where the primary record does not give a field, the line says unavailable.

Side by side

Free and paid sources compared

A general comparison of two source types. Coverage varies between countries and providers, so the report states what applied in the case.

QuestionFree registers and public pagesPaid business databases
What it isThe record as published by the keeper, or the company's own pageA provider's compilation of records and other data
Ease of searchingVaries, and may be limited to the keeper's own searchUniform where the provider standardises records
CurrencyAs up to date as the keeper makes itDepends on how often the provider refreshes
Fields you getWhat the record containsPossibly more, including fields the provider derives
How it appears in a reportCited as the primary source and read as a verified fact if it states itA supplied extract, derived fields included, is client-provided
What it leaves openWhatever the record does not publishWhat the provider could not collect or does not disclose

Neither source type is a screening, a rating or a credit report, and neither replaces legal due diligence.

Choosing sources for the question

Choosing sources for the question

A first check on a small supplier

Free primary records and the company's own pages are one way to test whether the basics agree.

A distributor with a group of related companies

A compiled source can show links across entities more quickly; the review reads group links only where public records show them.

A counterparty in a place where records are hard to search

Free sources may be present but awkward to search; what cannot be established from them is marked unavailable.

The service

Commercial Due Diligence

Who it is for
Companies about to sign with a distributor, agent, supplier or acquisition target and who want a commercial background before committing
The problem it solves
The commercial background of a counterparty is scattered across registers and sources and no one has put it together
What we need from you
  • counterparty name and country
  • registration details if known
  • the transaction context
  • what decisions the review supports
  • known concerns
How it works
  • scope agreed
  • registry, ownership, footprint and reputation review from public sources
  • findings structured with red flags
  • report with sources delivered
What you receive
A commercial background report: registry and ownership record where public, operational footprint, website and record consistency, public commercial reputation and red flags, each finding sourced and marked verified, inference or unavailable
Included
  • registry and ownership review where records are public
  • operational footprint and website consistency review
  • public commercial reputation review
  • red-flag summary with sources
  • method and limitations note
Not included
  • legal due diligence or legal opinion
  • financial audit or valuation
  • KYC, AML, PEP or sanctions screening
  • background checks on individuals
  • guarantees about the counterparty
Timing
Confirmed when your request is accepted.
What LATYNEX does
  • agree the scope
  • review public sources
  • structure findings and red flags
  • write up with sources
Price
Confirmed when your request is accepted.
Good to know

What this is, and isn't

Research reports what can be established from public and provided sources. It is not a guarantee about a counterparty's future conduct and not legal advice.

FAQ

Frequently asked questions

Does the review use paid databases?+

Which sources are used is named in the agreed scope and the source log. An extract from a paid database that you supply is client-provided.

Is a paid database more accurate?+

Not necessarily. It is easier to search, and its fields carry the provider's method.

How do I know which source a finding came from?+

Each finding in the source log names its source type and its class.

Request

Tell us what you need.

No obligation. We read your request and reply with a straight answer.

Research

Know the counterparty before you commit.

Tell us what you need to find out and by when. We confirm scope before any work starts.

Request research