--- title: "Real Estate, Hospitality and ICT are the UK sectors hardest hit by late payment" id: "4186" type: "news" slug: "real-estate-hospitality-and-ict-are-the-uk-sectors-hardest-hit-by-late-payment" published_at: "2020-06-06T14:58:44+00:00" modified_at: "2022-11-10T15:39:45+00:00" url: "https://www.sidetrade.com/news/real-estate-hospitality-and-ict-are-the-uk-sectors-hardest-hit-by-late-payment/" markdown_url: "https://www.sidetrade.com/news/real-estate-hospitality-and-ict-are-the-uk-sectors-hardest-hit-by-late-payment.md" excerpt: "A clear picture of the impact of the Covid-19 crisis per business sector A first" taxonomy_language: - "English" taxonomy_news_topic: - "Press Articles" --- - [O2C Intelligence](/) - [[Column]](#) - [O2C AGENTS](https://www.sidetrade.com/core-platform/aimie-agent/) - [Aimie Agents](https://www.sidetrade.com/core-platform/aimie-agent/#aimie-agents) - [Customer Agents](https://www.sidetrade.com/core-platform/aimie-agent/#customer-agents) - [Agent Builder Studio](https://www.sidetrade.com/core-platform/agent-builder-studio/) - 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[Careers](https://www.sidetrade.com/company/careers/) - [Investors](https://www.sidetrade.com/company/investors/) - [Contact](https://www.sidetrade.com/contact-us/) [en](https://www.sidetrade.com/news/real-estate-hospitality-and-ict-are-the-uk-sectors-hardest-hit-by-late-payment/) [fr](https://www.sidetrade.fr/) [de](https://www.sidetrade.de/) - [https://www.youtube.com/user/SIDETRADE92/featured](https://www.youtube.com/user/SIDETRADE92/featured) - [https://twitter.com/Sidetrade](https://twitter.com/Sidetrade) - [https://www.linkedin.com/company/sidetrade/](https://www.linkedin.com/company/sidetrade/) - [https://sidetrade-tech-hub.medium.com/](https://sidetrade-tech-hub.medium.com/) 6 June 2020# Real estate, hospitality and ICT ## are the UK sectors hardest hit by late payment [Read full article on The Fintech Times](https://thefintechtimes.com/real-estate-hospitality-and-ict-are-the-uk-sectors-hardest-hit-by-late-payment-according-to-the-sidetrade-tracker/) [https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2Freal-estate-hospitality-and-ict-are-the-uk-sectors-hardest-hit-by-late-payment%2F&linkname=Real%20Estate%2C%20Hospitality%20and%20ICT%20are%20the%20UK%20sectors%20hardest%20hit%20by%20late%20payment](https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2Freal-estate-hospitality-and-ict-are-the-uk-sectors-hardest-hit-by-late-payment%2F&linkname=Real%20Estate%2C%20Hospitality%20and%20ICT%20are%20the%20UK%20sectors%20hardest%20hit%20by%20late%20payment) [https://www.addtoany.com/add_to/linkedin?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2Freal-estate-hospitality-and-ict-are-the-uk-sectors-hardest-hit-by-late-payment%2F&linkname=Real%20Estate%2C%20Hospitality%20and%20ICT%20are%20the%20UK%20sectors%20hardest%20hit%20by%20late%20payment](https://www.addtoany.com/add_to/linkedin?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2Freal-estate-hospitality-and-ict-are-the-uk-sectors-hardest-hit-by-late-payment%2F&linkname=Real%20Estate%2C%20Hospitality%20and%20ICT%20are%20the%20UK%20sectors%20hardest%20hit%20by%20late%20payment) [https://www.addtoany.com/add_to/email?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2Freal-estate-hospitality-and-ict-are-the-uk-sectors-hardest-hit-by-late-payment%2F&linkname=Real%20Estate%2C%20Hospitality%20and%20ICT%20are%20the%20UK%20sectors%20hardest%20hit%20by%20late%20payment](https://www.addtoany.com/add_to/email?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2Freal-estate-hospitality-and-ict-are-the-uk-sectors-hardest-hit-by-late-payment%2F&linkname=Real%20Estate%2C%20Hospitality%20and%20ICT%20are%20the%20UK%20sectors%20hardest%20hit%20by%20late%20payment) With 38% of invoices at least ten days overdue, the UK is beginning to feel the effects of lockdown exit. **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%). **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. Latest News [21 April 2026 Sidetrade Names Two Leaders to Accelerate its AI-native Transformation](https://www.sidetrade.com/news/o2c-intelligence-2030-appointments/) [14 April 2026 First Quarter Revenue for 2026](https://www.sidetrade.com/news/first-quarter-revenue-for-2026/) [10 April 2026 Sidetrade launches AI-native plan with three new products](https://itbrief.co.uk/story/sidetrade-launches-ai-native-plan-with-three-new-products) [Load more news](https://www.sidetrade.com/company/news/) [↑](#)