In the wake of rising bad debts, UK's Construction Industry is losing £2bn annually, approximately £10,000 per company. Often delayed payments, or settle with a significantly smaller amount when not paid for prolonged period; what causes these companies to write off bad debts completely. In turn, it is affecting the whole construction industry which should be taken care of immediately.

Credit management specialists Octempo RM are to continue lightening the load of bad debt risk for haulage firms with the launch of their new Backload Protect service.

CollectionTree.com, an online debt management platform that matches businesses with collection agencies, is inviting more collection agencies to join its list. All collection agencies are welcome sign up for free.