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Perfect Storm on the Horizon for UK Manufacturing and Construction Industry

With costs rapidly rising and debts towering, many manufactures and construction workers are facing a “perfect storm.”

With the leading trade body urging the government to introduce payment holidays on loans, we were thinking that if you are owed money, then now is the time to get it back.

Thousands of companies are at ‘tipping point.’ So, here’s how we can help.

Manufacturing Industry Faces Unprecedented Storm

Reported in the Guardian recently, Made UK said, “the UK’s manufacturing sector was facing an unprecedented combination of a post-Covid credit, cash and costs crunch.” Be it supply chain disruption caused by Brexit and a shortage of HGV drivers, or the debts that have been piled up to see them through the global pandemic, many UK manufactures are struggling with the burden of repaying what they sowed last year.

So, the last thing they need is for people not to be paying their outstanding debts and invoices.

Commentators have been quick to point out the impending disaster, with Economist James Brougham noting: “The industry is facing the perfect storm. Given the inflationary shows every sign of continuing to climb, many companies fear a tipping point that could make their business models unviable.”

Why Now is the Time to Start Recovering Your Debts

As highlighted in the same Guardian report, “Britain’s manufacturing industry has endured its worst downturn for more than 30 years, with many companies taking on huge levels of debt in order to stay afloat.”

In response to the challenging trading conditions and increased levels of risk, we encourage any manufacturing company to reach out and contact us to help recover any outstanding debt or invoice to help you through these tough times.

With the manufacturing and construction industry facing a ‘sharp inflationary spiral’ which threatens to reach a ‘disastrous level,’ now is the time to get those outstanding debts paid. And fast.

Trust Cobra… The Manufacturing Debt Recovery Experts

Our portfolio includes a wide range of colleagues within the trade and construction industries, from renown corporate clients to independent sole traders.

Here at Cobra, our dedicated agents will visit your debtor and get your money back, face-to-face. No waiting around; no messing about. And also, unlike the courts, we don’t need a CCJ to get started: you just need to have proof of the original debt.

Be it our specialist team or our global network of dedicated agents, you can trust us to recover your money quicker than any court whilst protecting your businesses at the same time.

Get in touch with one of our dedicated construction professionals on 0151 526 4222 to discuss your case in further detail.

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