According to the latest trade sector analysis from credit solutions company Coface, the UK printing industry continues to suffer from high levels of debt, fierce competition and over capacity.
Report author Ben Hussell says: “The continuous pressure to invest in and upgrade machinery, without the volumes of business to justify such investment, is proving to be the Achilles Heel of the trade. At the same time as having to maintain payments on exorbitant levels of debt brought on by unsustainable capital expenditure; fierce competition has thrown companies into suicidal price reductions to win business.”
Coface UK Risk director Ian Hollyhomes adds: “Most UK businesses continue to offer credit terms to customers without appreciating the level of non payment risk they are taking on. They can limit their exposure by implementing a proper in-house credit management policy.”
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