Have your say – UK Credit Managers’ Index
Press Release – 6 October 2014
The latest round of the ICM UK Credit Managers’ Index (ICM UK CMI) has opened seeking views from credit managers to help compile the most comprehensive study of the credit industry and how businesses are currently managing their cash.
The most recent Index (Q2 2014) of professionals working in both the Manufacturing and Services sectors showed that the speed with which businesses were collecting their cash had improved and that confidence overall was beginning to grow.
But whether this picture has changed will be determined by new research: “To be able to accurately assess the state of the UK economy, we need credit managers to participate so we can gain an up-to-date insight into their experiences of how difficult it is to collect outstanding debts, days sales outstanding etc,” says Philip King, Chief Executive of the ICM.
“It only takes a couple of minutes, but with enough responses our members, business organisations and Government departments can all benefit from important information on the state of our economy.”
The CMI is a diffusion index, producing ‘scores’ of between one and 100 (typically in a range of 40 – 60). Ten equally weighted factors are included – three favourable and seven unfavourable – and the index calculated on a simple average of the 10 factors. Credit Managers’ views and statistics are sought on such issues as applications for credit through to days sales outstanding.
The Institute of Credit Management (ICM) is Europe’s largest credit management organisation, and the second largest globally. The trusted leader in expertise for all credit matters, it represents the profession across trade, consumer and export credit, and all credit-related services. Formed over 70 years ago, it is the only such organisation accredited by Ofqual and it offers a comprehensive range of services and bespoke solutions for the credit professional as well as services and advice for the wider business community, including the acclaimed ICM/BIS Managing Cashflow Guides.
For news, views and updates, follow the ICM on Twitter at www.twitter.com/ICMorg
For further press information, please contact:
Sean Feast or Alex Simmons
Gravity Public Relations
T: +44 (0)207 330 8888