# Real estate, hospitality and ICT are the UK sectors hardest hit by late payment, according to the Sidetrade tracker
Author:  Pal Sinha,Barnali
Author URL: https://economystandard.com/author/pal-sinha-barnali/
Published: 2020-06-05
Category: Opinion
Category URL: https://economystandard.com/category/opinion/
Meta Title: UK Unpaid Invoice Tracker Reveals Lockdown Exit Impact
Meta Description: Uncover payment trends in the UK with Sidetrade's B2B unpaid invoice tracker, showing rates and sectors hit hardest by the crisis. Stay informed now!
URL: https://economystandard.com/real-estate-hospitality-and-ict-are-the-uk-sectors-hardest-hit-by-late-payment-according-to-the-sidetrade-tracker/

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With 38% of invoices at least ten days overdue, the UK is beginning to feel the effects of lockdown exit.

Since 22 April, Sidetrade, the AI specialist, has been publishing a B2B unpaid invoice tracker. Freely accessible to all private sector decision-makers and public authorities, it shows the payment behaviour, week by week, of over 3.7 million businesses in six European countries: France, the United Kingdom, Spain, Italy, Belgium and the Netherlands.

**A clear picture of the impact of the Covid-19 crisis per business sector**

A first of its kind, the Sidetrade tracker analyses the impact of the Covid-19 crisis on twelve business sectors. As of 25 May, the UK sectors hardest hit by payment delays tied to the crisis are:

- Finance, Insurance, Real Estate: 76% of invoices over 10 days overdue
- ICT (Information, Communication, Technology): 60% of invoices over 10 days overdue
- Leisure, Hospitality: 55% of invoices over 10 days overdue

Note that Finance, Insurance, Real Estate, as well as ICT are areas where late payment rate was already high prior to the pandemic: 56% and 53% respectively.

Sectors least impacted by the crisis include Food industry (19% invoices over 10 days overdue), retail (22%) and manufacturing (23%).

For the latest trends per industry, visit [https://invoice](https://invoice-tracker.sidetrade.com/) [–](https://invoice-tracker.sidetrade.com/) [tracker.sidetrade.com](https://invoice-tracker.sidetrade.com/) [.](https://invoice-tracker.sidetrade.com/)

**Hard hit by the crisis, the UK seems to be seeing the first effects of lockdown exit**

Evidence from the Sidetrade tracker shows a strong correlation between payment behaviour and economic activity. The latest tracker release was highly awaited this week to see the effect of exit from lockdown. With 38% unpaid invoices as of 25 May 2020, the UK has seen a slight improvement in customer-supplier relations. This is the first positive effect of lockdown exit.

Nonetheless, the unpaid rate remains extremely high, representing a threat for many businesses. Late payment deterioration in the UK rose +26%.

For the first time, all six countries tracked showed a significant improvement, even though the unpaid rate is still high. The UK has the highest rate (39% unpaid), whereas the Netherlands can boast the lowest figure: 18% unpaid, not far from their pre-pandemic rate of 15%.

The Sidetrade tracker is a trusted reference for payment behaviour trends. In the coming weeks, it will be a crucial to analyze the reality of the economic upturn in Europe.


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