Driving To Deliver Your Business

Road transport sector takes the strain as bad debts mount

The road transport sector saw a significant leap in both the money it is owed by creditors and what it owes to suppliers and contractors during the first quarter of the year, new data from Creditsafe shows.

While sales increased quarter-on-quarter by 1.3% to GBP36.6bn the sector’s retained profit slid in the same period by more than 11% to GBP343.4m.

Bad debt increased significantly with a jump of 337% quarter-on-quarter in regards the money road transport operators are owed, which […][1]


Please login[2] or create a FREE account[3] to read the full article.


[4]

Axis Fleet Management opens mobile maintenance division

References

  1. ^ Road transport sector takes the strain as bad debts mount (motortransport.co.uk)
  2. ^ login (motortransport.co.uk)
  3. ^ create a FREE account (motortransport.co.uk)
  4. ^ (motortransport.co.uk)



Leave a Reply

Your email address will not be published. Required fields are marked *