December 2019 statistics for payment habits in the UK are disappointing with several regions and sectors demonstrating some worrying payment behaviour; the overall average Days Beyond Terms (DBT) for UK sectors increased by 1.7 days.
Despite statistics showing late payment for SMEs continuing to rise, latest figures from Registry Trust have shown a drop in the number of CCJs against businesses in the UK in the last quarter of 2019.
Despite recent tough times in business, there were 681,704 new companies formed in 2019 – a 2.8% increase on figures from 2018.
A recent study by Market Finance, which examined over 100,000 invoices from 990,000 UK SMEs, has shown that the debtors are now taking an average of 23 days past due to settle an invoice. This figure was 12 days in 2018.
Controlaccount is proud to have maintained its ISO certifications for their procedures and systems for the 5th year running.ISO 9001 and ISO 27001 are internationally recognised certifications that outline strict standards that organisations must meet for Quality Management and Information Systems procedures.
Eddie Stobart may have been given an 11th-hour reprieve but the UK haulage firm is not yet out of the danger zone
December 2019 was not a cheery month for one of the biggest names in UK transport and logistics. The Eddie Stobart Group, which was founded in 1970, narrowly avoided financial collapse when the 47-year-old firm disclosed mounting debt woes with losses exceeding £12 million for the first half of 2019, an epic £200 million loan and an almost catastrophic £2m accounting error.