Haan 250 companies with ten to 500 employees from Haan and other towns in the Bergisch region took part in a study by the Creditreform group. The results are encouraging.
Exactly 2.2 – with this grade the medium-sized companies in the Bergisches Land rate the payment behavior of their private and commercial customers. 19.4 percent rate them as “very good”, 43.9 as “good”. In 34.7 percent of the cases it was “satisfactory”, and “sufficient” in only two percent. No worse judgments were made. These results were obtained from a current survey by Crefo Factoring Rhein-Wupper GmbH.
250 companies with ten to 500 employees took part in the investigation of the company belonging to the Creditreform group. They are all based in the region around the cities of Remscheid, Solingen and Leverkusen. In addition to Haan, this also includes the municipalities of Burscheid, Hückeswagen Langenfeld, Leichlingen, Monheim, Radevormwald and Wermelskirchen.
Payment behavior Compared to autumn 2020, the assessment of payment behavior has changed only slightly. At the time, the average grade was 2.1. In 91.6 percent of the cases, the bill was paid within 30 days. 3.2 percent of medium-sized companies waited an average of more than two months for their money.
“48.4 percent of the companies surveyed handle contracts for public clients,” explains Andreas Koch. He is the managing director of Crefo Factoring Rhein-Wupper GmbH. A tendency is emerging here. 71.7 percent received their government payment within one month – 26.1 percent waited up to two months. The latter value was eleven to twelve percent in the previous years. “We suspect that the increase could have something to do with the corona-related stress,” explains Andreas Koch.
Bad debts Effects can also be found elsewhere that can probably be attributed to the corona pandemic. 7.9 percent of medium-sized companies had to accept bad debt losses of more than one percent. Last year the proportion was 1.6 percent. Looking at one possible reason for this, Koch reminds that the suspension of the obligation to file for bankruptcy ended in April 2021. In line with this, 15.1 percent of the companies in the latest survey stated that they had suffered bad debts due to customer insolvencies. In 2020 it was 11.1 percent. Nonetheless, around two thirds of companies have bad debt losses below 0.1 percent.
equity capital The corona pandemic has also left its mark on the equity ratio. At 44.4 percent (2020: 48.2), a large number of companies still have more than 30 percent equity. However, the share of companies with a rate of 20 to 30 percent fell from 21.4 to 8.6 percent. In around a quarter of the companies it is now below ten percent – in 2020 this was still the case for just under a fifth. Nonetheless, the average equity ratio in the region exceeds the nationwide result. “This is traditionally one of the strengths of the Bergisches Land,” explains Kurt Ludwigs, one of the authors of the analysis.
financing In its study, Crefo Factoring Rhein-Wupper GmbH also sheds light on how the company is financed. The survey shows that almost half of the participants only work with one house bank. 4.1 percent noted increasing difficulties in taking out a loan. 17.6 percent report increased requirements for the equity ratio, a similar proportion indicates that the banks have also become stricter when it comes to the required loan security.
The majority, however, do not have to struggle with major problems, as the authors of the study explain: “Of the 57 percent of SMEs who currently take out loans, over three quarters report that they currently have no major difficulties in getting loans . “The previously favorable conditions have not changed significantly either.