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
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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