Drop in debtor days preserves cash flow

04-Feb-2009

Debtor days dropped dramatically during October and November as recruiters reined in clients to preserve cash flow.

According to BDO Stoy Hayward’s Recruitment Industry Benchmarking, the average debtor days over the past two years was 41.5 days.
This dropped to 39 days in October and 38 days in November.

Gina Fasciani, operations director of sales and marketing at Spring, told Recruiter the company has seen a “marked improvement” towards the end of the year.

“There was a lot of talk about making sure we didn’t negotiate too much, companies were wanting extensions left, right and centre
towards the end of the year.”