Bad Debt Protection & Recovery
Is your business exposed to credit risk resulting in bad debt?While most businesses insure stock and other critical areas of the business, it is common to overlook one of the largest assets in the company, accounts receivable.
Five Key Reasons to Choose Coface Credit Insurance:
- Risk Prevention
- Potential access to increased credit from banks
- Recovery of Bad Debts
- Balance Sheet Protection
- Cash flow Relief
Coface Helps You Prevent Bad Debts
Superior information and a robust global network means Coface has the ability to provide the expertise needed by businesses expanding into new markets. Our offices are in 67 countries worldwide and we can operate in over 200 countries, providing businesses with the information they need about potential buyers to increase sales securely.
When bad debts do occur, Coface uses our extensive information network and worldwide operations to go further in collection and debt recovery. With Asia-Pacific’s largest network, our team has the knowledge and experience to collect on bad debts, whilst liaising directly with our clients.
In the event that collections do not progress and recovery is not possible, Coface indemnifies clients against payment default. By covering businesses against bad debt, Coface secures your sales worldwide so that minimal interruption occurs to everyday operations.
Ask us a question to find out more about bad debt protection
INSOLVENCIES IN THE CONSTRUCTION SECTOR IN FRANCE: BREAKING ALL DANGERS
Construction lies at the heart of the French economy. As regards households, 62% of the population claimed to be property owners in 2013, making them vulnerable to changes in real estate prices. Non-property owners are also susceptible to changes in housing prices: the median French household devotes 18.5% of its budget to housing. On the corporate side, the construction sector includes more than a sixth of French companies.
Today this sector is faced with a paradoxical situation: the real estate market in France has certainly not suffered a marked correction following the 2008-2009 economic crises, in contrast to most other European countries. Yet despite this resilience, the sector accounts for more than 30% of total insolvencies in France. So how can we explain this overrepresentation of the sector as regards insolvencies, even when the economic outlook is favourable? This question is all the more crucial as the sector is currently slowing, faced with apathetic growth and high unemployment. To find a response, we will first present recent trends in insolvencies in the construction sector in France, and then analyse its distinctive financial fragility. We will then detail the outlook for real estate prices in 2014, and their influence on insolvencies in the construction sector.
T: +61 (0)2 8235 8646