The survey’s biggest negative change in the proportion of uncollectible receivables was recorded in Denmark; up from 1.3% in 2017 to 1.8% in 2018.
Respondents in Denmark said that payment delays occur most often due to buyers using outstanding invoices as a form of financing. The country had the highest percentage of respondents who reported this in the Western Europe region overall. At 1.8%, the proportion of uncollectable B2B receivables is the second highest in the region and, despite a significant decrease in 2018, bankruptcy remains the main reason for write-offs.
Read the full report here: Denmark: maintaining their credit-friendly stance