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Businesses suffering from significant Late Payment delays

UK debt collections

The research analysed data from the Department for Business and Trade to show how late payments affect UK businesses. Businesses in the manufacturing industry are made to wait the longest to receive payments for goods and services. Businesses in this sector receive payments after around 47 days.

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Industries with the Best and Worst Recovery Rates

Nexa Collect

It is recommended to assign accounts for collections roughly when they are between 60-90 days past due for a maximum recovery rate. Based on clients we came across last year (2021), here is the average recovery rate we have seen, along with our collection agency partner(s). Contractors, Special Trade. Manufacturing.

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Exclusive Survey Insights on The Impact of High Days Sales Outstanding

The Kaplan Group

A new study, based on an exclusive survey by The Kaplan Group , provides a comprehensive analysis of payment collection challenges, focusing on companies affected by high and very high Days Sales Outstanding (DSO). This suggests that as companies grow larger, their credit and collection challenges increase.

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Increase in UK Businesses filing for Administration

UK debt collections

Retail, manufacturing, construction , real estate and hospitality were the worst-hit sectors for the second year in a row, accounting for 57% of all administrations. By doing so, businesses can better navigate the tough trading conditions and increase their chances of survival.”

Retail 80
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Real Estate Stocks: What They Are and How To Invest In Them

Credit Corp

I’ve discussed real estate syndications in the past, so today, I want to highlight REITs, which are a collection of real estate stocks. Real estate stocks can involve any publicly traded stock for a business that touches the real estate market in some shape, form, or fashion. What Are Real Estate Stocks?

Trade 105
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Luxury Candle maker goes bust with huge unpaid business debts

UK debt collections

But a “perfect storm” of inflation, the cost-of-living crisis and the war in Ukraine hit trade in 2022 leaving bosses facing “disaster” and having to voluntarily wind up the company. The £32,060 that is collect-able in assets will be used to pay 32 employees owed £83,060, including pension contributions, as preferential creditors.

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Number of Insolvent Businesses hits record high

UK debt collections

“Given that trading conditions remain extremely challenging, the number will likely continue to climb through the second half of the year,” said David Kelly, head of insolvency at the accountants PwC. Year after year, late payment has been seen to kill off Small Businesses cash flow.