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Minder leverancierskrediet door kredietcrisis

01-06-2008

Start-ups find credit squeezed - 1 jun 2008

Fledgling businesses and start-ups are being squeezed to the limit as suppliers further tighten their credit criteria, a leading credit management specialist has warned.
A poll of 400 companies by Graydon UK found that 56 per cent would become more picky about who they offer credit to during the rest of 2008. Only 2 per cent said they were relaxing their existing credit policies.
The feedback illustrates how the effects of the credit squeeze have spread far beyond the banking sector and mortgages and are affecting commercial lending in all parts of the economy.
Martin Williams, Graydon UK's managing director, said a "safety first" culture was now widespread with lenders raising the cut-off point on companies' credit scores.
"Suppliers are looking long and hard at those companies who are asking them for credit," he said. "People are asking for better credit scores and so rejecting more companies."

Businesses that have been trading for less than 20 months were bearing the brunt of tighter credit policies because they are perceived as the most risky, according to Mr Williams.
"Some people are simply saying no to new businesses," he said.

Graydon's research also found that credit departments were feeling the strain. Only 10 per cent of those asked said they were planning to hire more people in their credit departments despite the increase in workload.