Overview
When you monitor a business client, Legl checks the company against Dun and Bradstreet (DnB) company monitoring data and alerts you to changes. These settings control which company updates create alerts, and how each is tagged when your team receives them. This article explains what each category and option means, so you can decide what to include.
ℹ️ Further guidance
For an introduction to monitoring business clients, see:
What is Ongoing Monitoring for business clients?.
What this covers
The company monitoring alert categories used when monitoring business clients
What each category and alert means
How the High, Medium, and Low tags work
The additional filters and thresholds available for some alerts
How these settings work
Company monitoring settings are grouped into sections, such as Company summary, Leadership, and Ownership. Each section can be turned on or off, and each individual alert within a section can also be turned on or off. Most alerts can also be tagged High, Medium, or Low. This tag controls how the alert is categorised when your team receives it. It does not change whether the update is detected.
Some alerts have additional filters or thresholds you can set, such as a percentage change, a score cut-off, or a country or postcode filter. These only apply once the alert itself is turned on. Saving a section applies your preferences to future alerts. These settings apply as a firm-wide default and affect all users.
ℹ️ Important
These settings replace the previous company monitoring settings, which grouped alerts into Credit, Financial, and Miscellaneous. Your existing preferences were carried forward automatically:
Credit maps to Other credit updates (in Credit risk),
Financial maps to Other financial updates (in Financials)
Miscellaneous is unchanged.
If a category was previously switched off, it remains off under these settings.
Where to find these settings in Legl
Go to Settings in the left-hand menu.
Select Monitoring.
Select Company monitoring to view and configure the alert categories.
ℹ️ Further guidance
For step-by-step help changing these settings, see:
How to configure monitoring settings.
The alert categories
Each category below can be turned on or off, and tagged High, Medium, or Low. A category marked "High volume" typically generates a large number of alerts, so consider this before enabling it or setting it to a high priority tag.
Company summary
Status, registration details, and basic company information.
Company status change — for example, active to dissolved, in liquidation, or administration
Address change — the registered or primary address moves. Choose how narrowly this alerts: only a move to a high-risk country, a move to a different country, a country or postcode change, or any address change including a street-level change
Share capital change — a change in issued share capital or share structure
Company name change — the business changes its registered or trading name
Legal registration change — changes to legal form, registration numbers, or incorporation date
Nature of business change — changes to the company's reported business activities
Document filings
Documents filed at the company registry, for example Companies House.
Amended accounts filed — previously filed accounts are amended or restated
Routine registry filings (High volume) — confirmation statements, annual returns, and standard accounts filings
Other registry filings — any other document filed at the registry
Leadership
Directors, key individuals, and the company's most senior officer.
Director appointment — a new director is appointed
Director termination — a director's appointment is terminated or they resign
Director details changed — a director's role, identity, associations, or location changes
Director responsibilities changed (High volume) — a director's signing authority or areas of responsibility change
Most senior officer changed — the person recorded as the company's most senior officer changes, often the CEO or managing director
Most senior officer — role or authority (High volume) — their job title, signing authority, or areas of responsibility change
Most senior officer — personal details — identity or association changes; location moves use your country or postcode filter
Key individual added — an owner, member, partner, trustee, or senior managing official, for example a CEO or CFO, is recorded
Key individual removed — an owner, member, partner, trustee, or senior managing official is no longer recorded
Key individual details changed — a key individual's role, identity, associations, or location changes
Key individual responsibilities changed (High volume) — a key individual's signing authority or areas of responsibility change
Ownership
Shareholder, control, and corporate structure changes.
Shareholder added — a new shareholder is recorded
Shareholder removed — a shareholder is no longer recorded
Shareholder ownership changes — ownership or voting percentage changes at or above your threshold, for example a 12% change
Shareholder details changed — a shareholder's name or other recorded details change
Control type changes — alerts when the company's control or ownership type changes, for example from privately owned to state owned
Parent or ultimate owner changes — parent or ultimate owner name or location changes. You can filter this by country or postcode
Group position changes — the company moves within its corporate group, or joins or leaves one
Legal events
Court filings, insolvency proceedings, and other legal events.
Bankruptcy / insolvency event — insolvency proceedings, administration, or bankruptcy filings
New judgment registered (High volume) — court judgments registered against the company
New lien or charge filed — charges or liens registered against company assets
New suit filed — legal actions or lawsuits filed against the company
Strike-off, dissolution, or ceased trading — strike-off, dissolution, de-registration, or ceased-trading notices
Other legal events — claims, debarments, and other legal events
Credit risk
Credit rating deterioration and score declines from the credit bureau.
Credit rating deteriorates — the credit appraisal worsens or the rating is withdrawn. Improvements do not alert
Failure score declines (High volume) — the likelihood the company will seek legal relief from creditors or cease operations within 12 months, falling below a threshold out of 100
Delinquency score declines (High volume) — the likelihood the company will pay severely late, 90 or more days past terms, falling below a threshold out of 100
Other credit updates (High volume) — other credit-report changes not covered above
Financials
Net worth and liabilities changes from the latest financials.
Net worth decreases — net worth falls by your threshold, goes into deficit, or is first seen as zero or negative
Net worth increases — net worth rises by your threshold, or is first seen as a positive value
Liabilities increase — total liabilities rise by your threshold, or are first seen as a positive value
Other financial updates (High volume) — other financial-report changes not covered above
Miscellaneous
Industry codes, counts, and other operational company data. Unlike the other categories, this section does not support High, Medium, or Low tagging.
Employee count changes — a change in reported employee numbers
When you would use this
Review these settings when setting up company monitoring for the first time, or when your firm's risk-based approach changes. Turning categories and alerts on or off, adjusting the High, Medium, or Low tags, and setting thresholds where available lets you focus on the company updates most relevant to your firm and reduce alerts you do not need to review.
Key things to be aware of
These settings apply as a firm-wide default and affect all users
Turning a category or alert off means updates in that area will not create an alert. Consider whether any team relies on those alerts before changing them
Saving a section applies your preferences to future alerts only; alerts already received are not affected
Some alerts use additional filters or thresholds, such as an ownership or net worth change percentage, a credit score cut-off, or a country or postcode filter, so review these alongside the on/off toggle
The High, Medium, and Low tags control how an alert is categorised when your team receives it, not how the update itself is detected. Miscellaneous and Employee count changes do not support these tags
Important information
These settings apply only to company monitoring alerts sourced from Dun and Bradstreet (DnB). They do not affect sanctions or watchlist screening for business clients
Changes apply to future company updates, not to alerts already received
Categories or alerts marked "High volume" typically generate a large number of alerts, so consider this before enabling them
Only Admin users can view and change these settings