Recent media articles have highlighted the demise of two more significant Construction companies and building projects. Point to Point Holdings Ltd (although now conveniently known as HPTP (2014) Ltd) based in Auckland, actually closed it’s doors in January, although details of the pain caused are only now emerging (see NZ Herald article 2/5/17). More on […]
read more »Alan Johnston of CreditWorks talks about construction industry debt in 2017. What are the main influencers of construction industry debt? Hardware / construction industry debt levels are based on two main factors: Volume of sales made on credit, and; Regularity of payment for those sales. while patterns of payment (payment profiles) (DSO) tend to be […]
read more »With reference to Anne Gibson’s’ article in the NZ Herald (April 3: ) titled “’Most Dangerous Time’ in Construction Cycle: Warning”, the article contains a summary section titled “How Builders and subcontractors can minimise risk.” I find this section quite interesting and pertinent, although the source (Staples Rodway) do overlook one of the most important […]
read more »What is a business credit score? How are business credit scores measured? What are the benefits of a good credit score? Managing your business credit score Tips For Improving Your Business Credit Score What is a business credit score? Businesses, similar to individuals, are also issued credit scores and this applies to corporate, large businesses […]
read more »Rob Stock’s article in Stuff (06/03/2017: http://www.stuff.co.nz/business/money/89758411/Rob-Stock-How-my-credit-score-jumped-200-points-in-a-night) raised some interesting points regarding the impact of Positive data reporting on Credit Scores – in particular the rarity of Credit Unicorns when it comes to credit scoring. For those who didn’t see the article, it refers to those rare personnel (the Credit Unicorn) who have a credit […]
read more »Well, another year is virtually done and dusted, and it’s a good time to reflect on the ‘Year in Credit’ – and perhaps prophesise on what we can expect in 2017? Amongst other things, 2016 produced NZ with a new Prime Minister, Olympic champions, earthquakes, and skyrocketing house prices. From a credit perspective, the year […]
read more »It was with a great deal of interest, and a fair sprinkling of scepticism, that I read last month that the Government was going to amend the Construction Contracts Act 2002, with a view to imposing a trust obligation on retentions. Reaction from various parties affected by the move included subcontractors being “overjoyed” by the […]
read more »What do you get when you run a credit history check on a business? Credit Check Your Business Customers to Improve Cash Flow “Credit is defined as the trust that allows one party to provide resources to another party where the second party does not reimburse the first party immediately (which creates debt), but instead […]
read more »Because you are a busy person, we wanted to put everything important in front of you on one page. Thus the introduction of the new Executive Summary Page. Rather than having to wade through all the information in a Comprehensive credit report before making your credit assessment, we have endeavoured to make life a bit […]
read more »Starting a new business from scratch usually involves several considerations from saving money, marketing the merchandise, to selling products and hiring employees, with business credit often taking the backseat. This should not be the case. Building credit should be treated with equal importance to other activities as it’s also crucial to building a successful business. […]
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