About Us

Informing industry and government

London skyline

The Credit Management Research Centre (CMRC) was established at Leeds University Business School in 1998, with funding from the Institute of Credit Management (now the Chartered Institute of Credit Management CICM), commercial sponsors from the credit industry, and research grants.

Recognising the important role of knowledge transfer activities, the research programme combines academic rigour with practitioner and policy relevance. We consider industry and policy partnerships and engagement as a critical factor in our commitment to dynamic and relevant research, innovative teaching, and exceptional PhD and Research Degrees.


CMRC's strategy is to develop a distinctive international profile through links with the industrial and commercial sector and governments, coupled with a strong academic publication record. 

Our objective is to involve leading academic scholars to come together in a series of research collaborations as well as specialised symposia and larger conferences to explore the many complex dimensions of:

  • Credit granting
  • Management and the functioning of credit markets
  • Corporate performance
  • Regulation
  • Policy intervention


Our academic and policy related research focuses on:

  • Corporate performance and the financing of SMEs
  • The provision and impact of growth finance
  • Private equity on the corporate sector

The CMRC has the support of a highly qualified and skilled research team and provides a vibrant research environment and resource for academics, doctoral students and practitioners. 


We continue to assemble large and important sets of databases to support our research. CMRC has been involved in recent initiatives around the integration of ‘big data’ into our databases and modelling. The research faculty at CMRC is uniquely qualified to lead these efforts, and we invite practitioners as well as academic scholars to join us in our endeavour.

  • The Centre has had 10 years of continuous commercial sponsorship amounting to over £0.8m and has received grants from the Department of Business, Enterprise and Regulatory Reform (BERR) – now the Department for Business, Innovation and Skills - and the Economic and Social Research Council (ESRC) Knowledge Transfer Partnership scheme.
  • CMRC was the winner of the ESRC award for “the best application of management or social science” in the 2007 National Knowledge Transfer Partnership Awards.
  • Centre Director, Professor Nick Wilson, was awarded a University of Leeds ‘Certificate of Outstanding Achievement’ for ‘Academic Excellence in Enterprise and Knowledge Transfer’ in 2006.
  • CMRC set up the spin-out company, CreditScorer Ltd (CreditScorer.com), which provides risk and portfolio management solutions for lenders to the UK corporate sector. It was owned and controlled by the University of Leeds from inception in 2001 until it was acquired by Bisnode AB in 2007.
  • CMRC has contributed research and analysis to inform policy decisions and implementation. Including work for HM Treasury, HMRC and the National Audit Office.

Credit management is established on the curriculum within the University of Leeds degree programmes, particularly in the area of risk modelling and credit scoring. These include our BSc Accounting and Finance and MSc Accounting and Finance programmes.

Doctoral research has been an integral part of the work carried out by the Centre and has achieved a number of PhD’s in areas ranging from risk modelling, trade credit and working capital management to private equity and venture capital investment. CMRC invites applicants for PhD’s in credit related research. Further information on our PhD and Research Degrees can be found here.

Media coverage

2017 - present

'Private Equity could be 'as good as it gets' to take firms to next level' - The Yorkshire Post, 14 June 2018. The article is not available to view online.

Read more coverage from the Accounting and Finance Division here

2013 - 2016
2012 and earlier