CreditWorks Group

We’re pleased to share that testing for our new Inland Revenue data-sharing capability has now been successfully completed and we’re progressing towards go-live.

This marks a significant step forward for CreditWorks and our commitment to delivering the most comprehensive credit reporting solutions for New Zealand businesses.

Once live, this enhancement will allow Inland Revenue to share certain information about overdue tax owed by companies that will feed into the CreditWorks credit

reporting ecosystem. This will provide customers with greater visibility of overdue company tax debt and support more informed credit risk decisions. We’re excited by what this means for customers and look forward to sharing more details as we move closer to launch.

Watch this space.

Watch for changes in payment behaviour, not just overdue invoices.

Most businesses focus on whether an account is overdue. The stronger signal is oftenhow payment behaviour is changing over time.

A customer who has always paid on time but is gradually taking longer to settle invoicesmay be showing signs of pressure before any formal default, collection activity, oradverse event appears.

That is why payment trends matter. They provide context that a single balance or ageingreport cannot.

The trend often tells you more than the balance.

The September edition of our Latest Industry Risk Indicators is out, covering how New Zealand’s trade related and construction sectors performed through July.

July ran at two speeds. Rolling annual sales reached another cycle high, up 14.6% on last year, and every major industry we track grew. Concrete and Steel led the way at 28.9%.

At the same time a few measures stopped improving. Arrears rose for a second consecutive month, although at 2.94% they still sit 77bps below last July. New dwelling consents eased 4.2%. Construction remains the clear outlier on arrears at 5.53% against an overall rate of 2.94%.

That mix is normal at this point in a cycle. The annual comparisons are still the story and they are still good. The monthly direction is the part worth watching from here.

For the full breakdown, including sector-by-sector detail, regional arrears analysis and vendor payment trends, read the September edition here:https://creditworks.co.nz/wp-content/uploads/2026/09/CreditWorks-Insights-July-2026-month-end.pdf

New Zealand earns its living offshore.

If your customers sit beyond our shores, so does your credit risk. An offshore customer is usually far harder to read than the one down the road, and the consequences of getting it wrong are larger, because goods have often already left the country before the first invoice falls due.

Through our long standing partnership with the Creditsafe Group, CreditWorks customers can order a credit report on a company almost anywhere in the world. More than 200 countries and territories, one international score from A to E on the same scale in every market, so a customer in Singapore is assessed against the same thinking you already apply at home.

If you have customers offshore, or you are being asked to extend terms into a market you do not know well, come and talk to us. We will walk you through what an international report looks like on a real company in your book.

Let's chat here: https://lnkd.in/eXys9gx6

We’re proud to be supporting Constructive 2026 as a Silver Sponsor.

There is a reason this event matters to us. CreditWorks was formed at the request of the building industry, to give New Zealand businesses a trusted, independent view of commercial credit risk. Nearly three decades on, building and construction is still where a great deal of our work sits.

Our team will be at the Innovation Showcase across both days. Come and talk to us about what the latest trade payment data is showing across the sector, or bring your own ledger and we can take a look at it with you.

See you at Constructive 2026.

A FINZscore turns a builder’s financial statements into a single A to E rating,so financial strength is easy to read at a glance.

It is New Zealand’s first financial viability rating system for the constructionindustry, developed by CreditWorks with Registered Master Builders NZ.Built from real financials and benchmarked against the industry, it is the samemaths a bank would use, with the jargon removed.

The scale runs from A through to E. It is about financial visibility, not judgement,because most financial problems are visible early, if you choose to look.

Dive into the August edition of our Latest Industry Risk Indicators.

The recovery that has been building through the year continues to broaden. Rolling annual sales have climbed again to their strongest levels of the cycle, growth is now showing through across almost every industry, and arrears remain well below last year even after a modest lift over the month.

Underneath the headline figures, the activity is real rather than price-driven. Nominal sales rose 13.5% year on year while inflation-adjusted sales were up 10.0%, confirming genuine momentum. Total debt balances remained elevated, up 21.0% year on year, though around 15% of that reflects fuel-price effects rather than credit stress.

The regional story flipped this month. Wellington, which had run against the trend on the way up, recorded the sharpest improvement, with 60-day-plus arrears easing 129bps, while Auckland, Christchurch and the other regions edged higher. Even so, every region still sits below last year, with Christchurch and Auckland leading the annual improvement. Through June, the picture is one of steady, broad-based momentum, with only a few pressure points to watch.

For the full breakdown, including sector-by-sector detail, regional arrears analysis and vendor payment trends, read the August edition here:https://creditworks.co.nz/wp-content/uploads/2026/08/CreditWorks-Insights-June-2026-month-end-edition.pdf

This month, our Product Spotlight turns to CRISworks, the platform at the core of everything we do.

CRISworks brings New Zealand's most comprehensive commercial credit data into one place, giving businesses a clear, reliable view of who they're trading with. From company credit reports and payment behaviour to defaults, PPSR activity, and director information, it pulls the full picture together so you can make confident, informed decisions.

But comprehensive data is only valuable when it's accurate. That's why CRISworks is built on continuously verified, cross-referenced information, drawn from trusted sources and maintained to the highest standards. Every report reflects the most current and dependable view of a business's financial position.

When the data is right, the decisions that follow are stronger.

That's CRISworks.
https://creditworks.co.nz/crisworks/

We’re proud to share that CreditWorks is now listed by Inland Revenue as an Approved Credit Reporting Agency.

Earlier this year we told you that Inland Revenue was opening up reporting of unpaid company tax debts that meet the statutory reporting criteria, and that CreditWorks was working through the approval process. We’re delighted to confirm that this step is now complete.

It’s a milestone we’ve worked towards for some time, and it reflects the work undertaken with Inland Revenue to enable the sharing of reportable company tax debt in New Zealand.

We’re grateful for the forward-looking way Inland Revenue has approached this. We believe this is good news for the whole market and a positive step towards a broader, clearer and more modern framework, and we’re proud to be part of it.

For our customers, this lays the foundation for better visibility, stronger insights and a more reliable credit reporting environment. As the data becomes available, you’ll be among the first to benefit.

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August 2025 brought steady sales but look closer, growth is flat. Margins are tight. Debt is climbing. Payment cycles are stretching.

Here is what is happening:

- Debt and Cash Flow: Arrears are steady. DSO is rising across trade suppliers.

- Sector Signals: Construction stabilising. Manufacturing and Food & Beverage steady. Plumbing and Electrical under repayment pressure. Retail disciplined.

- Insolvency Trends: IRD leads 78 percent of winding-up filings. Corporate and personal insolvencies are rising.

- Regional Divergence: North Island is behind South. South Island shows steadier pipelines.

The surface is calm, but businesses must act. Smarter credit monitoring, proactive engagement, and disciplined risk management are essential heading into Q4.

Read the full August Insights Report to see the data, trends, and what your business can do to stay ahead.

Read the report here:https://creditworks.co.nz/wp-content/uploads/2025/10/CreditWorks-Insights-August-2025-month-end.pdf