Latest news with #Creditsafe
Scotsman
3 days ago
- Business
- Scotsman
Overdue invoices top 1.8 million in Scotland as pressure mounts, R3 research shows
The number of overdue invoices on the books of Scottish businesses hit more than 1.8 million in Q2 2025, according to new research from R3, the UK's restructuring, turnaround, and insolvency trade body. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... R3's analysis of data provided by Creditsafe shows there were 1,820,706 overdue invoices on the books of Scottish businesses in Q2 2025 - with 602,822 in April, 589,298 in May, and 628,586 in June. This is a rise of 24.5% compared to Q2 2024's total of 1,462,590. Looking at the wider UK picture, Scotland saw the second largest percentage increase in overdue invoice numbers, preceded only by the West Midlands which saw a rise of 28.8%. Advertisement Hide Ad Advertisement Hide Ad The total number of Scottish companies with overdue invoices on their books also rose by 14.7% in Q2 2025 when compared to the same period last year, rising from 107,490 to 123,299. Tim Cooper Tim Cooper, Immediate Past President of R3 and partner at international law firm Addleshaw Goddard, says: 'The sharp rise in overdue invoices across Scotland is a clear sign that increasing financial pressures are taking their toll on businesses. This trend is concerning because delayed payments can quickly escalate into wider cash flow problems, putting companies at real risk if they fail to take action early. 'Recent policy changes, like the hike in employers' National Insurance contributions and the increased minimum wage, are undoubtedly squeezing margins further. Many businesses that were already operating under tight financial conditions are now being pushed closer to the edge, which helps explain why we are seeing such a marked increase in unpaid invoices compared to last year. 'While overdue invoices alone do not tell the full story, they often precede more serious difficulties. We will gain a clearer understanding of how this trend is impacting insolvency figures when the upcoming quarterly statistics are released later this month - but it is already apparent that more companies may be struggling than before. Advertisement Hide Ad Advertisement Hide Ad 'For business owners, recognising the early warning signs of financial distress is critical. If you are noticing issues like persistent late payments, growing debts, or difficulties meeting payroll obligations then it is more than likely time to seek professional guidance.
Newsweek
10-07-2025
- Business
- Newsweek
Donald Trump Policy 'Likely' to Spur Recession This Year—Business Leaders
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A new survey of hundreds of industry professionals finds that 84 percent of businesses believe that President Donald Trump's wide-ranging global tariffs "likely" to some degree will increase the risk of a global recession this year. Newsweek reached out to the Office of the United States Trade Representative for comment. Why It Matters On April 2, Trump announced sweeping tariffs intended to counter what he described as continued exploitation of the United States in global trade, dubbing it "Liberation Day." The administration's objective was to mirror foreign trade barriers being imposed on U.S. exports and to exert pressure on trading partners ahead of looming negotiation deadlines. This approach has contributed to volatility in global markets and caused uncertainty for American consumers, manufacturers and businesses. What To Know Creditsafe, a provider of business credit information that serves more than 500,000 users across 120,000 companies worldwide, surveyed over 200 U.S.-based finance, procurement and supply chain professionals to gauge their fears, perspectives and strategies to reduce tariffs' impact on their businesses. The survey, conducted in May 2025, included input from companies across the manufacturing, transportation, retail/wholesale, technology and automotive industries. Traders work on the floor of the New York Stock Exchange on July 08, 2025 in New York City. Traders work on the floor of the New York Stock Exchange on July 08, 2025 in New York City. Michael M. Santiago/Getty Images Aside from the 84 percent of respondents fearing a recession this calendar year, another 72 percent of U.S. businesses reported that they have imports currently on hold due to the Trump-levied tariffs. Another 37 percent of the respondents plan to reduce the quantity of goods they import from China, while 28 percent plan to import fewer goods from Mexico and 28 percent are cutting back on imports from Canada. Creditsafe said the findings align with data from the U.S. Commerce Department, which shows that imports coming from Canada and China fell to their lowest levels since 2021 and 2020, respectively. They also note that imports increased significantly in December 2024 and January 2025 due to fears of the Trump administration's trade policy once in control of the federal government. "It's certainly possible that one of the impacts of tariff hikes is that we'll see an increase in supplier bankruptcies in 2025 and 2026," Ragini Bhalla, head of brand and spokesperson for Creditsafe, told Newsweek on Thursday. "Not only did our study find that over half (53 percent) of businesses plan to look for alternative suppliers in other countries, but it also found that 51 percent of businesses have found themselves paying suppliers late due to the tariffs. "When you take both of these factors, that's going to put a serious squeeze on suppliers' revenue and cash flow," Bhalla said. Bhalla is "strongly" urging urge businesses (customers) to do their best to pay suppliers on time, or relatively close to payment terms). "Obviously, the benefits for suppliers will be tremendous: their cash flows will be healthy, their revenue growth won't be negatively impacted, their operations will be stable and they can continue to fulfill customers' orders in full and on time," Bhalla added. Trump's 'Heavy-Handed' Trade Policy Daniel Alpert, executive chairman of Westland Capital LLC, told Newsweek on Thursday that fundamentally it would be great to shift the balance of payments and trade and to establish more production in the U.S. But the "heavy-handed way" Trump is going about it is likely to be more disruptive than it is to accomplish their perceived goals, he said, citing Trump's 50 percent tariff against Brazil levied Wednesday due to support for Brazil's former far-right president, Jair Bolsonaro, who is facing charges for an alleged coup attempt. "The outrageously large tariffs being used and from a weaponization standpoint like what he did yesterday with Brazil made no sense at all," Alpert said. "Brazil is a trade deficit country with us, so it's clear that things are getting a little bit out of hand. "I guess you could charitably say that there's something to be gained by positioning oneself as a potential madman that no one can tell what you're going do next, and so therefore they all scurry around to try to find a way to please you. That would probably describe a number of the countries that are out there trying to respond with constructive deals. But at the end of the day, the policy is disjointed." It's been that way since the "Liberation Day" announcement that set the market on its end, Alpert added, with Trump essentially punting the ball forward "in order to not have to do something that would be pretty much suicidal for the country." Trump initially imposed a 10 percent flat tariff rate after significant financial market declines and postponed higher levies for 90 days to facilitate bilateral negotiations. Despite this pause, the administration maintained high tariffs on Chinese imports and later set an August 1, 2025, deadline for new tariffs to take effect if no deals were reached. What People Are Saying The letters President Donald Trump signed and posted on Truth Social said that the U.S. will "perhaps" consider adjusting the new tariff levels, "depending on our relationship with your country." Trump said Monday night at the White House that the August 1 deadline for a tariff deal was "firm, but not 100 percent firm. If they call up and they say would like to do something a different way, we're going to be open to that." Josh Lipsky, chair of international economics at The Atlantic Council, as per the Associated Press, said of Trump's three-week deadline extension: "I take it as a signal that he is serious about most of these tariffs and it's not all a negotiating posture." What Happens Next Despite the administration's aim to finalize "90 deals in 90 days," only two agreements were confirmed as the deadline approached.
Miami Herald
10-07-2025
- Business
- Miami Herald
Iconic grocery staple faces Chapter 11 bankruptcy, liquidation
Some products have been around forever, but don't resonate in the way they used to. Children of the '80s grew up eating canned food. We thought nothing of opening and heating up a can of Chef Boyardee. Related: Adults-only retail chain closes half its stores, no bankruptcy This was not a punishment. It was actually considered a treat. We ate canned food because we did not have many options. There were frozen TV dinners that were both delicious and horrifying. You heated these up in the toaster oven, because you probably weren't old enough to be allowed to use the actual oven. The most popular ones were fried chicken and a sort of meatball. Until the microwave was invented, choice was just fairly limited. And even when the microwave did come about, options were more plentiful, but not necessarily better. Anyone of a certain age has probably eaten a microwave lasagna that was molten hot in some places and disturbingly cold in others. Canned food still exists, but in many cases, it's just easier to cook fresh. That's not true in all parts of the country, but in many places, the need for a brand like the recently bankrupt Del Monte has simply diminished. Image source: Bloomberg/Getty Images Creditsafe Head of Brand Ragini Bhalla and her team examined Del Monte's financials and shared what happened before its Chapter 11 bankruptcy filing. "Del Monte Foods' Days Beyond Terms (DBT) payment history from the last 12 months reveals a pattern of mounting financial stress that culminated in its recent Chapter 11 bankruptcy filing," according to the data. The canned goods company maintained a relatively stable DBT for most of 2024 – hovering between 9 and 14. (For context, DBT indicates how late a company pays its bills.) "But that stability didn't last. A notable shift occurred at the start of 2025, with DBT rising again to 14 in January 2025 and 15 in February 2025, signaling emerging cash flow pressures," Creditsafe reported. While March 2025 saw its DBT drop to 4, potentially due to short-term payment prioritization or cash influx, this improvement was short-lived. By April 2025, the company's DBT spiked to 17 and then rose further to 21 in May 2025, placing it well above the industry average DBT of 11. This indicates that Del Monte increasingly struggled to meet its financial obligations. Bankruptcy news: Iconic auto repair chain franchise files Chapter 11 bankruptcyPopular beer brand closes down and files Chapter 7 bankruptcyPopular vodka and gin brand files for Chapter 11 bankruptcy "This late-stage spike in DBT is especially concerning, because sharp DBT increases just months before a bankruptcy filing often reflect worsening liquidity, supplier strain, and triaging of payables," Bhalla shared. Creditsafe data reveals that 18.62% of Del Monte's bills were 61-90 days overdue in July 2024, an early sign of cash flow issues. By August 2024, late payments shifted into both early and severe delinquency buckets, with 23.82% of its bills falling 1-30 days late and 8.48% extending beyond 91+ days, suggesting the company was starting to juggle obligations. "The most telling data point comes in May 2025, when 4.83% were 31-60 days late and 21.00% of Del Monte's bills were 61-90 days late. The steady migration of outstanding bills into older aging brackets over this 10-month period suggests worsening liquidity and limited ability to manage working capital, classic signs of distress that mirror pre-bankruptcy patterns," Bhalla shared. Del Monte Foods, the 139-year-old canned food giant, filed for Chapter 11 bankruptcy in July 2025, citing mounting macroeconomic pressures, shifting consumer preferences and unsustainable debt as key drivers, according to Creditsafe. "The company has struggled to adapt as shoppers moved away from preservative-heavy canned goods toward fresher, private-label options, leading to surplus inventory and costly warehousing," Bhalla added. Tariffs on steel and aluminum further squeezed margins, while interest payments tied to its debt-laden acquisition by DMPL outpaced earnings. Related: Walmart makes shocking claim, shares scary warning "Despite recent closures of processing plants and warehouses in a bid to cut costs, Del Monte was left with liabilities estimated between $1 billion and $10 billion and as many as 25,000 creditors. The company secured $912.5 million in financing to maintain operations during the sale process," Creditsafe shared. The company plans to sell a majority of its assets as part of an agreement with its major lenders. It has secured $165 million in financing to fund ongoing operations until a sale takes place. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Techday NZ
03-07-2025
- Business
- Techday NZ
Creditsafe wins 2025 ROI award after 234% boost from BlackLine
Creditsafe has been named a winner of the 2025 Nucleus Research ROI Awards for the results achieved by its deployment of BlackLine's financial operations platform. Creditsafe, a company focused on business intelligence, received this recognition following the implementation of BlackLine's Invoice-to-Cash solution, which led to a 234% return on investment and a payback period of 12.4 months. According to Nucleus Research, the annual ROI awards are presented to the top ten technology deployments worldwide that demonstrate exceptional and quantifiable return on investment. Creditsafe's acknowledgement comes as a result of its efforts to automate collections and cash allocation processes, resulting in enhanced efficiency, visibility, and scalability for its international operations. Andy Lilley, Managing Director, Global Invoice to Cash at BlackLine, commented on the result: "We're proud to see Creditsafe recognized among the top ROI-driven transformations of the year. Their results are a testament to what's possible when forward-thinking finance teams embrace automation to drive measurable impact. BlackLine is here to make that success repeatable, scalable, and achievable for every customer." As part of its technology adoption, Creditsafe utilised BlackLine's Invoice-to-Cash offerings, specifically the Collections Management and Cash Application functions. This transition led to a measurable reduction in operational costs, a faster cash lifecycle, and improvements in customer experience. Additionally, Creditsafe's finance team was able to support global growth without increasing staff numbers. BlackLine has stated that these results reflect its ongoing commitment to improving its platform. Most recently, the company introduced a modernised user interface for its Cash Application module, which is now generally available. The update forms part of BlackLine's overall goal to refine the Invoice-to-Cash process, providing customers with a system that is intended to be both intelligent and straightforward to use. Jason Braidwood, Global Head of Credit & Collections at Creditsafe, shared his experience with the platform: "BlackLine streamlined our order-to-cash processes and freed our team to focus on value-added work. I would advise any credit manager to adopt tools like BlackLine—it truly makes life easier." The recognition from Nucleus Research highlights BlackLine's position in providing artificial intelligence-enabled solutions that assist finance, accounting, and credit teams in adopting more strategic approaches to their work. The company's technology aims to accelerate business operations, support faster decision-making through unified data, and automate critical financial processes. BlackLine's unified platform is currently utilised by nearly 4,400 organisations globally. The company aims to deliver results by streamlining financial processes and enabling finance teams to operate with greater accuracy and efficiency, and has continued to invest in tools to assist organisations with meeting business performance goals and supporting expansion initiatives. Creditsafe, the world's most widely used provider of business credit reports, continues to transform how companies access and use commercial information by delivering accurate, easy-to-understand data on more than 430 million businesses globally. Follow us on: Share on:
Yahoo
03-07-2025
- Business
- Yahoo
Creditsafe Realizes 234% ROI with BlackLine, Named Winner of 2025 Nucleus Research ROI Awards
Third-party recognition validates the measurable impact of BlackLine's AI-powered financial operations platform on global finance modernization LOS ANGELES, July 3, 2025 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL), the future-ready financial operations platform for the Office of the CFO, today announced that its customer Creditsafe, a global leader in business intelligence, has been named a winner of the 2025 Nucleus Research ROI Awards. The recognition highlights the measurable business impact of Creditsafe's BlackLine deployment, which achieved a 234% return on investment and a 12.4-month payback period. Each year, Nucleus Research honors the top 10 technology deployments worldwide that achieve exceptional return on investment. Creditsafe was recognized for its success in automating collections and cash allocation processes with BlackLine, resulting in improved efficiency, increased visibility, and greater scalability across international operations. "We're proud to see Creditsafe recognized among the top ROI-driven transformations of the year," said Andy Lilley, Managing Director, Global Invoice to Cash at BlackLine. "Their results are a testament to what's possible when forward-thinking finance teams embrace automation to drive measurable impact. BlackLine is here to make that success repeatable, scalable, and achievable for every customer." Leveraging BlackLine's Invoice-to-Cash solution—including Collections Management and Cash Application—Creditsafe reduced operational costs, accelerated the cash lifecycle, and elevated their customer experience. The finance team can now support rapid global expansion without adding headcount. This milestone reflects BlackLine's continued investment in innovation. The recent launch of BlackLine's modernized Cash Application user interface, now generally available, marks a significant evolution in BlackLine's Invoice-to-Cash journey – offering customers a more intelligent, streamlined, and intuitive experience. "BlackLine streamlined our order-to-cash processes and freed our team to focus on value-added work," said Jason Braidwood, Global Head of Credit & Collections, Creditsafe. "I would advise any credit manager to adopt tools like BlackLine—it truly makes life easier." This accolade reinforces BlackLine's continued leadership in delivering AI-enabled, outcome-focused solutions that empower finance, accounting, & credit teams to operate more strategically and efficiently. From accelerating time to value to enabling smarter decisions through unified data and automation, BlackLine is helping finance leaders transform their operations with confidence. To learn more about how Creditsafe and other leading organizations are driving results with BlackLine, visit About BlackLine BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, drives digital finance transformation by empowering organizations with accurate, efficient, and intelligent financial operations. BlackLine's comprehensive platform addresses mission-critical processes, including record-to-report and invoice-to-cash, enabling unified and accurate data, streamlined and optimized processes, and real-time insight through visibility, automation, and AI. BlackLine's proven, collaborative approach ensures continuous transformation, delivering immediate impact and sustained value. With a proven track record of innovation, industry-leading R&D investment, and world-class security practices, more than 4,400 customers across multiple industries partner with BlackLine to lead their organizations into the future. For more information, please visit View original content to download multimedia: SOURCE BlackLine Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
