Credit Management March 2020

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PAYMENT TRENDS Local Heroes The latest monthly B2B payment performance statistics show signs of regional improvements. FOLLOWING on from a number of increases across the board, the latest payment statistics do at least show some better performances, particularly at a regional level. The average Days Beyond Terms (DBT) figures across regions reduced by 0.2 days, while sectors increased by 0.6 days. SECTOR SPOTLIGHT Despite the overall increase to payment terms, 10 of the 22 sectors monitored did make reductions and deserve to be acknowledged. The Business from Home sector saw the biggest improvement, reducing its DBT by 5.3 days. Health & Social (-3.9 days), Entertainment (-3.4 days) and Hospitality (-3.4 days) also performed well. However, a number of sectors have struggled, and in some cases struggled badly. It has been particularly tough for the Energy Supply sector, with its DBT increasing by an alarming 7.7 days. Similarly moving in the wrong direction is the Mining and Quarrying sector, an increase of 6.1 days means it is now the worst performing sector with an overall DBT of 23.2 days. Transportation and Storage (+5 days), International Bodies (+4.7 days) and Water & Waste (+3.3 days) also struggled. REGIONAL SPOTLIGHT The regional standings show some signs of improvement, with seven of the 11 regions making reductions to payment terms. After languishing at the bottom of the table for a number of months, Northern Ireland is moving in the right direction again, reducing its DBT by 4.9 days and making it the most improved region. In terms of the best performing region, Wales and the South West are now level at the top, each with an overall DBT of 11.4 days following reductions of 2.1 days and 1.5 days respectively. Elsewhere, South East (-2.6 days), London (-1.6 days) and East Midlands (-0.7 days) also made improvements. At the opposite end of the standings, East Anglia has slipped to the worst performing region following a further increase of 1.1 days, leaving its overall DBT at 18 days. It was also a hugely disappointing month for Scotland, sliding down the rankings following a whopping increase of 6.9 days to its payment terms. The Business from Home sector saw the biggest improvement, reducing its DBT by 5.3 days. Advancing the credit profession / www.cicm.com / March 2020 / PAGE 64
PAYMENT TRENDS Data supplied by Creditsafe Group Top Five Prompter Payers Region Jan 20 Change from Dec 19 South West 11.4 -1.5 Wales 11.4 -2.1 South East 11.7 -2.6 London 13.6 -1.6 West Midlands 13.6 0 Getting Better Business from Home -5.3 Health & Social -3.9 Entertainment -3.4 Hospitality -3.4 Dormant -3.3 Real Estate -2.2 Professional and Scientific -2.1 Other Service -2 Wholesale and retail trades -1.2 Top Five Prompter Payers Sector Dec 19 Change from Nov 19 Hospitality 8.6 -3.4 Entertainment 8.8 -3.4 Health & Social 8.8 -3.9 Education 9 0.4 Wholesale and retail trade 12 -1.2 Bottom Five Poorest Payers Sector Dec 19 Change from Nov 19 Mining and Quarrying 23.2 6.1 International Bodies 19.5 4.7 Water & Waste 18.7 3.3 Energy Supply 18.3 7.7 Business Admin & Support 17.8 2.9 Bottom Five Poorest Payers Region Jan 20 Change from Dec 19 East Anglia 18 1.1 Scotland 16.6 6.9 Northern Ireland 15.6 -4.9 East Midlands 15 -0.7 North West 14.8 1.6 Getting Worse Energy Supply 7.7 Mining and Quarrying 6.1 Public Administration 5.6 Transportation and Storage 5 International Bodies 4.7 Water & Waste 3.3 Business Admin & Support 2.9 Construction 2.2 Financial and Insurance 1.5 Manufacturing 1.5 Agriculture, Forestry and Fishing 1 Education 0.4 SCOTLAND 6.9 DBT Region Getting Better – Getting Worse -4.9 -2.6 -2.1 -1.6 -1.5 0 0.7 6.9 1.6 1.3 1.1 Northern Ireland South East Wales London South West West Midlands East Midlands Scotland North West Yorkshire and Humberside East Anglia NORTHERN IRELAND -4.9 DBT SOUTH WEST -1.5 DBT WALES -2.1 DBT NORTH WEST 1.6 DBT WEST MIDLANDS 0 DBT YORKSHIRE & HUMBERSIDE 1.3 DBT EAST MIDLANDS 0.7 DBT EAST ANGLIA 1.1 DBT LONDON -1.6 DBT SOUTH EAST -2.6 DBT Advancing the credit profession / www.cicm.com / March 2020 / PAGE 65
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CREDIT MANAGEMENT CM MARCH 2020 £1
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20 TREADING CAREFULLY Brian Murnane
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Advancing the credit profession / w
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Profit margins tumble for food supp
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