The latest Atradius survey of 1,758 businesses in nine EU countries found that 10% of foreign B2B invoices and 8% of domestic B2B invoices are written off as uncollectable by the seller. These percentages spiked to 18% for both foreign and domestic invoices in Italy and 18% for foreign and 14% for domestic invoices in Great Britain. In general 30% of transactions are more than 60 days late.
The Atradius survey is the central component of the 9th edition of the Atradius Payment Practices Barometer. It focuses on nine major European Union (EU) economies, examining the primary aspects of trade credit supply and management, as well as the payment behavior of the customers of international companies.
To read the full story click on the attachment: Atradius-Payment-Practices-Barometer-Group-Report-Spring-2011