Yes, this should be one of the typical checks you should go through to see the contractor’s financial standing. Contractors who financially unstable might be considered of high risk therefore should not be considered in long-term or big-scale projects where the risks of one of the contractors not delivering due to lack of staff/equipment availability or other reasons are high.
You should get as much information as is publicly available before making a decision on the short-listing of contractors. The Companies House is also a reliable source of information to provide you with the financial standing of a business.
