Emma Reilly's Construction Industry Update August 2025

In this "Minimise Debt, Maximise Cash with Top Service" episode, Emma Riley, CEO of Top Service and the 2025 Credit Professional of the Year, provides an August 2025 update on construction credit management. Emma announces that following a successful webinar, the next one will be held on October 1st, featuring an expert panel discussing retentions, with more details to follow. She reports a slight rebound in homebuilding, with the UK construction PMI rising to 48.8 in June, the highest since January, though the industry officially remains in contraction as it's still below the 50 mark. This indicates continued challenges with tight margins, high material and labor costs, and elevated credit risk, with the credit insurance market remaining hard. Top Service is observing an increase in credit information checks and new business, along with debt recovery cases being brought forward earlier. Their debt recovery teams note that while payment plans are frequently requested, challenging and clear communication about non-payment consequences are leading to more full payments or favorable, shorter, and adhered-to plans. Emma emphasizes that now is the ideal time to explore how Top Service's industry-specific credit information and debt recovery services can help minimize debt and maximize cash. For more information, contact Top Service at 01527 518820, email [email protected], or visit their website at www.top-service.co.uk. Emma invites listeners to connect on LinkedIn or watch the video version of the podcast on YouTube by searching "Top Service Limite To enquire about Top Service services for your Business, go to https://www.top-service.co.uk/contact-us/ Music by Purple PlanetRead transcript