Credit Management January February 2022

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PAYMENT TRENDS Patchy Payment Performance The latest late payment figures are a mix of good and not so good. FORECASTING the world of late payment remains a challenge, highlighted by the latest statistics which show a mixture of both positives and negatives. The average Days Beyond Terms (DBT) across regions in the UK reduced by 1.3 days but increased by 0.3 days across sectors. In Ireland, the sector figures reduced by 3.8 days but increased by 2.1 days across regions. Average DBT across regions in Northern Ireland reduced by 0.2 days. SECTOR SPOTLIGHT More than half of UK sectors are moving in the right direction, making improvements to their late payments. A reduction of 4.9 days, taking its overall DBT to 16 days, means Construction moves off the bottom of the standings. Further improvement (-2.2 days) sees the Entertainment sector maintain its position as the best performing sector, but the Hospitality sector remains close behind following a reduction of 3.6 days to its DBT. Moving at pace in the wrong direction is the Water & Waste sector, a sharp increase of 14 days mean it is now the worst performing sector with an overall DBT of 26.5 days. Elsewhere, the Energy Supply (+5.1 days), Financial and Insurance (+3.8 days) and Mining and Quarrying sectors also saw unwanted increases. The outlook in Ireland is also positive on the whole, with only three of the 20 sectors seeing increases in late payments. On the up in some style is the Real Estate sector, reducing its DBT by 24.9 and taking its overall DBT to zero days, alongside seven other sectors. The Agriculture, Forestry and Fishing sector also made great strides, reducing its late payments by 20 days, moving it off the bottom of the rankings. Taking its place as the worst performing sector, as in the UK, is the Water & Waste sector, no change means its overall DBT remains at 34 days. IT and Comms (+4.7 days) and the Wholesale and retail trade; repair of motor vehicles and motorcycles (+2.8 days) sectors both saw increases, but the biggest jumper in the wrong direction is the Public Administration sector, experiencing an increase of 24.8 days to its late payments. REGIONAL SPOTLIGHT The UK regional standings are positive for the most part, with nine of the 11 regions making reductions to late payments. A further improvement by the South West (-2.1 days), means it remains the best performing region with an overall DBT of nine days. East Anglia remains the worst performing region with an overall DBT of 18.9 days, but a reduction of 2.9 days to its late payments means it is, at least, moving in the right direction. Over in Ireland, the regional standings are a real mixed bag. Looking at the positives, some 10 regions (Cavan, Clare, Donegal, Leitrim, Longford, Meath, Sligo, Tipperary, Waterford and Westmeath) are all sitting pretty on an overall DBT of zero days. At the other end of the scale, Mayo’s DBT soared by a massive 60 days. There were also hefty increases in late payments for Offaly (+15.6 days), Wicklow (+14.1 days) and Kerry (+13.7 days). In Northern Ireland, only one (Ulster) of the four regions saw an increase in late payments. An increase of 1.5 days means its overall DBT now stands at 16.4 days, making it the worst performing region in Northern Ireland. Meanwhile, Connacht (-3.1 days) and Munster (-0.3 days) made steady reductions, and there was no change for Leinster, maintaining its position as Northern Ireland’s leading region with an overall DBT of zero days. The world of late payment remains a challenge, highlighted by the latest statistics which show a mixture of both positives and negatives. Brave | Curious | Resilient / www.cicm.com / January & February 2022 / PAGE 32
STATISTICS Data supplied by the Creditsafe Group Top Five Prompter Payers Region Dec 21 Change from Nov 21 South West 9 -2.1 Yorkshire and Humberside 10.9 -3.1 East Midlands 11.4 -2.1 West Midlands 12.7 -0.5 South East 13.2 -1.6 Bottom Five Poorest Payers Region Dec 21 Change from Nov 21 East Anglia 18.9 -2.9 Northern Ireland 17.3 -3.9 North West 17.1 -0.9 Wales 16.9 3 London 15 -1.1 Top Five Prompter Payers Sector Dec 21 Change from Nov 21 Entertainment 7.1 -2.2 Hospitality 7.9 -3.6 Business from Home 8.8 2.6 Public Administration 9 -2.1 Agriculture, Forestry and Fishing 11 0.5 Bottom Five Poorest Payers Sector Dec 21 Change from Nov 21 Water & Waste 26.5 14 Energy Supply 22.1 5.1 Other Service 19.9 2.8 Real Estate 16.3 -1.1 Transportation and Storage 16.3 -1.3 Getting better Dormant -5.7 Construction -4.9 Hospitality -3.6 IT and Comms -2.7 Entertainment -2.2 Public Administration -2.1 Business Admin & Support -1.6 Transportation and Storage -1.3 Real Estate -1.1 International Bodies -0.8 Wholesale and retail trade -0.7 Professional and Scientific -0.6 Health & Social -0.1 Getting worse Water & Waste 14 Energy Supply 5.1 Financial and Insurance 3.8 Mining and Quarrying 2.9 Other Service 2.8 Business from Home 2.6 SCOTLAND 1.3 DBT Education 1.8 Manufacturing 0.9 NORTHERN IRELAND -3.9 DBT SOUTH WEST -2.1 DBT WALES 3 DBT NORTH WEST -0.9 DBT WEST MIDLANDS -0.5 DBT YORKSHIRE & HUMBERSIDE -3.1 DBT EAST MIDLANDS -2.1 DBT LONDON -1.1 DBT SOUTH EAST -1.6 DBT EAST ANGLIA -2.9 DBT Agriculture, Forestry and Fishing 0.5 Region Getting Better – Getting Worse -3.9 -3.1 -2.9 -2.1 -2.1 -1.6 -1.1 -0.9 -0.5 3 1.3 Northern Ireland Yorkshire and Humberside East Anglia East Midlands South West South East London North West West Midlands Wales Scotland Brave | Curious | Resilient / www.cicm.com / January & February 2022 / PAGE 33
Page 1 and 2: CREDIT MANAGEMENT CM JANUARY / FEBR
Page 3 and 4: 24 COUNTRY FOCUS Adam Bernstein 20
Page 5 and 6: CMNEWS A round-up of news stories f
Page 7 and 8: 2021 with 41 and 48 respectively, c
Page 9 and 10: NEWS SPECIAL AUTHOR - Sean Feast FC
Page 11 and 12: TABLE BOOKING NOW OPEN Thursday 24t
Page 13 and 14: INSOLVENCY AUTHOR - David Kerr FCIC
Page 15 and 16: 0 20 40 60 80 100 0 20 40 60 80 100
Page 17 and 18: CYBER FRAUD AUTHOR - Adam Bernstein
Page 19 and 20: CYBER FRAUD AUTHOR - Adam Bernstein
Page 21 and 22: “On my first day I was still sitt
Page 23 and 24: INTERVIEW AUTHOR - Sean Feast FCICM
Page 25 and 26: COUNTRY FOCUS AUTHOR - Adam Bernste
Page 27 and 28: COUNTRY FOCUS AUTHOR - Adam Bernste
Page 29 and 30: CICM BRITISH CREDIT AWARDS BACK TO
Page 31: UK Government publishes report on d
Page 35 and 36: EXCELLENCE IN CREDIT MANAGEMENT EXC
Page 37 and 38: SALARY AND RECRUITING TRENDS AUTHOR
Page 39 and 40: EDUCATION & MARKETING These are pre
Page 41 and 42: Each of our Corporate Partners is c
Page 43 and 44: www.tcmgroup.com Probably thebest d
Page 45 and 46: COMMERCIAL LENDING AUTHOR - Sean Fe
Page 47 and 48: CICM MEMBER EXCLUSIVE Your CICM lap
Page 49 and 50: Brave | Curious | Resilient / www.c
Page 51 and 52: HR MATTERS PARANOID DELUSIONS The p
Page 53 and 54: Everything you need for AML complia
Page 55 and 56: TRAIN FOR THE YEAR AHEAD My Learnin
Page 57 and 58: Brave | Curious | Resilient / www.c
Page 59 and 60: IN November last year the CICM East
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Credit Management January February 2022

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