News Article

Credit Management

Searches to establish creditworthiness of BHS Limited increased 153% since December 2015

By CreditMan Monday, April 25, 2016

Rachel Mainwaring, Operations and Managing Director Creditsafe UK commented:

“While commentators are queuing up to bemoan BHS’ situation as a sad day for British retailing, there have been warning signs that the firm was in trouble. In recent months BHS has clocked up an average of 50 ‘days beyond terms, the number of days an average invoice is overdue. When payment trends lean towards late payment, questions will inevitably be asked about the health of the enterprise. In addition, searches by companies seeking to establish the creditworthiness of BHS Limited have increased 153% since December 2015 and by 53% since February, as firms have sought to check if BHS was a viable trading partner.”