ICM surveying opinions for ICM UK Credit Managers’ Index
Press Release – 7 April 2014
The latest round of the ICM Credit Managers’ Index (CMI – Q1 2014) 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 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 and topically for this quarter on the impact of the budget announcement’s doubling of business investment tax relief to £500,000.
The latest CMI (Q4 2013) prompted more than 500 responses from credit managers working in both the Manufacturing and Services sectors. The companies were broadly split by region, although slightly weighted to businesses in London and the southeast.
Philip King, Chief Executive of the ICM, says the survey is crucial to building an industry picture of current payment trends: “It’s essential that credit managers participate, 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 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 (www.icm.org.uk).
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: 0207 330 8888