Market Quotes Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.
Swedish companies increasingly finding it hard to get paid on time
Monday, 07 May 2012
Late and non-payment of bills is a growing problem for Swedish
companies. Last year companies in Sweden were forced to write off debts
worth some Skr75 billion, according to media reports.
Justitia, a company that leads in debt collection in Sweden has
interviewed 8000 entrepreneurs and business owners or top managers and
45 percent say they have liquidity problems due to late payments. That
is an increase of 45 percent from a year ago.
Small businesses are the hardest hit by defaults, according to the
Intrum survey. Companies with fewer than 19 employees wrote off an
average of 2.4 percent of all debt which is more than twice as much as
Confidence in banks' ability to assist companies with the financial
support has declined sharply. 30 percent of companies in Sweden do not
think they will be able to have the support of banks, compared with 16
percent last year.
By Scancomark.se Team
What do you think about this
article or us? Please leave a comment. Thank you!