Overdues Increasing / Insolvencies on the rise
Our latest Market Insights based on data up to 31st January shows a continuing increase in 60 and 90 day overdue debts. We now see this reflected in a number of recent insolvencies such as Clan Construction (Dunedin), M W Residential (Pukekohe) and Go To Collection (Madam Woo and Hawker & Roll).
Read our January Insights report here.
When was the last time you reviewed your customers credit worthiness? Are you monitoring your customers for early warning signs of financial distress?
Contact us now to discuss how we can assist you in managing your credit risk in a challenging market…
09 520 0626 or enquiries@creditworks.co.nz
Please note that due to the vast amount of data required to produce these reports, most of which is accessed from a multitude of external sources, there is an inevitable time delay in their generation. However we prefer to defer their publication in favour of ensuring greater accuracy.