banking & financial - Creditsafe

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Banking & Financial companies are paid on average 4 days beyond terms. ... Days Beyond Terms (DBT) are the days beyo
BANKING & FINANCIAL Q1 2017 Sales

Creditsafe’s Industry Watchdog provides you with an insight into industry statistics, growth and decline and payment trends. Drawing a comparison of the previous two quarters, data for the Industry Watchdog is pulled directly from the Creditsafe system on a quarterly basis. Get a snapshot of the industry you are in or the industries you are dealing with from our Watchdog report.

Active Companies

5

£1,015,414,504,119

5

96,857 Retained Profit

Net Worth

5

£2,450,456,853,460

-£90,048,839,699

5

Failures

Est. Employment

5

2,627,851

122

6

Financial Health Risk Band

Improving

%

Credit Limit (£)

%

l Very High Risk

1.52%

0 - 9,999,

71.64%

l High Risk

1.93%

10,000 - 99,999

18.48%

l Moderate Risk

29.22%

100,000 - 999,999

l Low Risk

23.82%

1m - 9,999,999

l Very Low Risk

43.51%

10m+

7.19% 2% 0.70%

Based on data from the Creditsafe system.

Payments Worst Paid

DBT

Best Paid

DBT

IT

36

Banking & Financial

1

Construction

26

Transport

4

Utilities

19

Wholesale

4

Worsening Improving

Banking & Financial companies are paid on average 4 days beyond terms. Banking & Financial pays its suppliers on average 24 days beyond terms.

Days Beyond Terms (DBT) are the days beyond agreed terms a company takes to pay their bills.

Companies spend on average:

Average Invoice Value (£)

£749.67

£2,500

Days beyond terms by invoice value (£)

£2,000 £1,500 £1,000 £500 £0

Jan

Figures based on 96,857 companies in the industry.

Feb



Mar







6 DBT

20,000+



0

10,000 - 19,999



13

5,000 - 9,999



17

1,000 - 4,999



14

500 - 999



13

100 - 499



12

0 - 99



27







The time companies in this industry take to pay their bills by invoice value.

Invoicing

www.creditsafeuk.com

Banking & Financial Q1 2017 Bad Debt & CCJs The banking & financial industry was hit with a total of £32,709,175 of bad debt in the last 3 months. The average amount owed to banking & financial companies from failed businesses was £36,506.

6 6

The banking & financial industry left a total of £40,662,222 of bad debt owed to other companies in the last 3 months. That’s an average of £189,127 owed to companies from failed banking & financial businesses.

6 6

Total Number of CCJs in the last 3 months.

622

Total Value of CCJs in the last 3 months.

£2,211,403

Average Value of CCJs from the last 3 months.

£3,555

5 5 6

Sector Growth & Employment

30

Start-ups vs Failures (%)

Revenue vs Employment (%) 8

20

7 6

10

5

0

4 3

-10

2

-20

1 0

-30 -40

-1 Jan

Feb

Start-up Growth (%)

Jan

Mar

Feb Revenue Growth (%)

Failure Growth (%)

The above chart shows the percentage of growth vs the percentage of failures last quarter.

Mar Employee Growth (%)

The above chart shows the percentage of revenue vs the percentage of employment last quarter.

Foreign Ownership

Top Company Searches There were 127,273 searches for banking & financial companies on the Creditsafe system in the last quarter.

11,793 banking & financial companies are owned by an international company.

Company Name

Searches

Status

Country %

Interserve PLC

229

Active

U.S.A.

25.08%

Mclaren Construction Group PLC

217

Active

Jersey

5.91%

Mears Group PLC

206

Active

Luxembourg

5.55%

Axa Insurance UK PLC

197

Active

Germany

5.55%

Covea Insurance PLC

170

Active

France

5.37%

Creditsafe online reporting.

% Based on percentage of foreign owned companies.

Company Growth

Insolvencies

Fastest Growing companies

Revenue

Legal And General Assurance Limited

Biggest Failures of the last quarter

£55,474,000,000

Revenue

Triton Global Limited

£14,838,221 £13,123,000

Phoenix Life Limited

£6,384,000,000

Aire Valley Mortgages 2006-1 PLC

Phoenix Life Assurance Limited

£1,940,000,000

Omada Investment Management Limited

£4,670,877

Whistl Group Holdings Limited

£591,713,000

Aire Valley Mortgages 2005-1 PLC

£3,097,000

UPG PLC

£2,019,168

St. Paul Fire And Marine Insurance Company

£4,898,804,137

How did you find this report? Maybe you would like to see something extra? Please let us know by leaving some feedback Figures based on 96,857 companies in the industry.









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www.creditsafeuk.com