With a huge number of businesses set to be impacted by this, from those with mounting piles of invoices they can’t pay, to those unable to collect payment on invoices owed, there is a likelihood of many companies being forced into a distressed scenario.
It seems likely that, as the economic impact of COVID-19 continues to unfold over the coming months, the problems caused by unpaid invoices for some will present opportunities for others. The next few months could present a prime marketplace for acquisitive parties looking to take on distressed businesses.
According to figures from Creditsafe’s late payment tracker, 61 per cent of all invoices paid in April 2020 were paid late, a 52 per cent increase from March 2020 and a 41 per cent leap from April 2019. This was especially felt in the transport, IT and real estate sectors, which saw significant increases.
Unpaid invoices remained an issue over the course of May. According to the Sidetrade invoice tracker, on June 13th 2020, 53.5 per cent of invoices by volume in the UK were unpaid, a 238 per cent increase on the average before the pandemic.
The company takes claims from insurance companies and fulfils repair and restoration services. Services include maintenance, home improvements, new builds, fire and flood restoration and specialist cleaning. Benefits from a number of clients, 80% of...
With over 25 years trading, this business, based in the Midlands, is one of the largest in the sector and provides thermal imaging surveys and sales and rental of thermal cameras. The cameras used when conducting surveys, are some of the most accurat...
This business, that has been operating for some 25 years, has established itself as an important Contract Electronic Manufacturing partner to its many customers. It offers: Full transparency, responsiveness and flexibility. Proven ability to serve sm...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources