An Investigation into Payment Trends and Behaviour in the UK: 1997-2007

The objectives of this study were as follows (1) determine the extent to which late payment is affecting businesses in the UK and how this has changed in ten years; (2) to provide as assessment of credit granting behaviour among UK businesses during the last ten years; (3) to assess the resources required to address the issue of late payment and if resource allocation to credit management has changed over time; (4) to determine the extent to which the use of credit industry services and access to external finance has changed over the last ten years and its impact on late payment.[...]

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Year of publication:	2008
Authors:	Wilson, Nick
Institutions:	Great Britain / Department for Business, Enterprise and Regulatory Reform
Subject:	Kreditmanagement \| Klein- und Mittelbetrieb \| Business-to-Business-Marketing \| Zahlung

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1. Background
2. Causes and Effects of Late Payment
3. Government Legislation
3.1 Late payment of commercial debts (interest) Act
3.2 Other Measures
3.3 EU Directive on late payment
3.4 Companies Act 1985
3.5 Some possible effects of the late payment act
4. Business to Business Trade and the Nature of Trade Credit
4.1 Trade Credit: Definition
4.2 Trade Credit Terms
4.3 Trade Credit: An Incomplete Contract
5. Economic Significance and Importance of Trade Credit Flows
5.1 An analysis of UK company accounts
5.2 Debtor days and creditor days: Industry level variations
5.3 Debtor days and creditor days and company characteristics
5.4 Debtor days and creditor days : Insolvent Companies
5.5 An analysis of trends in County Court Judgements
6. An Overview of Theories Related to Trade Credit
6.1 Why does trade credit exist?
6.2 Motives for the supply of and demand for trade credit
6.3 The use of trade credit and payment behaviour: The demand-side motivation
6.4 Determinants of the demand for and supply of trade credit: empirical studies
6.5 Trade Credit and Monetary Policy
7 Assertions on the Causes of Late Payment
8 Company Failure and Insolvency
9 Personal Insolvency: bankruptcy and voluntary arrangements
10 Evidence on Payment Behaviour and the Late Payment Problem
10.1 Interpreting data on payment times
10.2 Payment times in the UK 1997-2007
10.3 UK in a European context
11 Perceptions of the Late Payment Problem
11.1 Pre-legislation evidence
11.2 Credit periods; pre-legislation surveys
11.3 CMRC small firm surveys
11.4 CMRC Quarterly Review: debt collection
11.5 Use of the late payment legislation – the early impact
11.6 Use of the late payment legislation – further research
12 Credit Granting and Credit Management Practice: Survey Evidence
12.1 CMRC 1994 and 2004 surveys
12.2 CMRC SME surveys
12.3 The deduction culture
12.4 Banking relationships and financing
13 Credit Management Pract

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