Published 26 April 2011
Business confidence levels among credit managers representing a broad cross-section of UK industry rose over the last three months to reach the highest level achieved in the three-year life of the Moore Stephens Credit management survey.
In April 2011, on a scale of 1 (low) to 10 (high), respondents to the survey expressed an average confidence level of 6.6 in the industries in which they operate. This was up from the 6.5 recorded in January 2011, to the highest level recorded since the survey was launched, in May 2008. Confidence in London and the south-east was up from 6.7 to 6.8, while for the rest of the country it remained at 6.5.
Our survey revealed a high level of concern about the continuing ability of smaller companies to compete against the retail majors. It also showed a marked rise in the number of respondents who expected the settlement periods imposed by their key customers to go up over the next twelve months, and a sizeable increase in the numbers of those who expected to ask their insurers for a rise in insured limits - albeit balanced by a fall in expectation that such requests would meet with approval.
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