Experian® launches analysis ranking top metropolitan areas by key indicators of business health

 Experian® launches analysis ranking top metropolitan areas by key indicators
                              of business health

The new Metro Business Pulse showed New York area businesses had lowest
average bankruptcy rates, while Sacramento, Calif. area businesses had highest

PR Newswire

COSTA MESA, Calif., Sept. 18, 2013

COSTA MESA, Calif., Sept. 18, 2013 /PRNewswire/ --Experian^®, the leading
global information services company, today announced the launch of the Metro
Business Pulse, an analysis that ranks the top metropolitan statistical areas
in four key business credit categories, including bankruptcy rates, the number
of days business pay their bills beyond contracted terms, delinquency rates
and commercial risk scores. Findings from the Q2 2013 analysis showed the New
York metro area had the lowest business bankruptcy rate at 0.28 percent, while
Sacramento, Calif. area businesses had the highest at 2.41 percent.

Bankruptcy rates
Top 5 metro areas            Bottom 5 metro areas
1. New York         0.28% 1. Sacramento, Calif.      2.41%
2. Nassau, N.Y.     0.31% 2. Bakersfield, Calif.     2.16%
3. Baton Rouge, La. 0.34% 3. Riverside, Calif.       1.90%
4. Honolulu         0.35% 4. Colorado Springs, Colo. 1.84%
5. Miami            0.43% 5. Denver                  1.71%

"When evaluating new customers and prospects, it's important to understand how
businesses are performing in order to uncover unique pockets of opportunity
that can help your own enterprise grow," said Joel Pruis, Experian's senior
business consultant. "As such, we've taken our research a step further to
provide insight on how businesses and different industry groups are performing
at a metropolitan-area level. The additional layer of information can help
businesses make more informed decisions that can ultimately affect their
bottom line."

Regarding how fast businesses pay their bills, the analysis showed that San
Francisco area businesses topped the list, paying their bills an average 3.2
days beyond contracted terms. Businesses in the Omaha, Neb. (3.54 days); New
York (3.57 days); Seattle (3.58 days); and Milwaukee (3.61 days) areas rounded
out the top five with the least number of days beyond term. On the slower
side, businesses in the Fort Myers, Fla. area, took the longest to pay their
bills, averaging 18.04 days beyond contracted terms, followed by the Orlando,
Fla. (14.02 days); Las Vegas (12.18 days); Miami (10.58 days); and Fort
Lauderdale, Fla. (9.78 days) areas.

Days beyond contracted terms
Top 5 metro areas       Bottom 5 metro areas
1. San Francisco 3.20 1. Fort Myers, Fla.      18.04
2. Omaha, Neb.   3.54 2. Orlando, Fla.         14.02
3. New York      3.57 3. Las Vegas             12.18
4. Seattle       3.58 4. Miami                 10.58
5. Milwaukee     3.61 5. Fort Lauderdale, Fla. 9.78

Findings from the Q2 2013 analysis also showed that businesses in the Salt
Lake City area had the lowest delinquency rates at 0.92 percent, followed by
the Boise City, Idaho; Houston; San Diego; and Tucson, Ariz. areas.
Conversely, major metropolitan areas in Florida made up four of the bottom
five for business delinquency rate, with the Miami area having the highest
delinquency rate at 44.72 percent. The other areas in the bottom five included
Fort Myers, Fla.; Orlando, Fla.; Cincinnati; and Fort Lauderdale, Fla.

Delinquency rates
Top 5 metro areas            Bottom 5 metro areas
1. Salt Lake City    0.92% 1. Miami                 44.72%
2. Boise City, Idaho 1.62% 2. Fort Myers, Fla.      37.19%
3. Houston           2.19% 3. Orlando, Fla.         26.78%
4. San Diego         3.13% 4. Cincinnati            25.58%
5. Tucson, Ariz.     3.17% 5. Fort Lauderdale, Fla. 25.18%

When looking at commercial risk score*, Portland, Ore. area businesses came in
with the highest average score in Q2 2013, with an average of 65.68. The other
metropolitan areas in the top five included, Pittsburgh (65.58); Grand Rapids,
Mich. (62.99); Seattle (62.09); and Albany, N.Y. (61.86). However, Miami area
businesses had the lowest average commercial risk score (47.96) during the
same time period, followed by the Fort Lauderdale, Fla.; Atlanta; Memphis,
Tenn.; and Orlando, Fla. areas.

Commercial risk score
Top 5 metro areas              Bottom 5 metro areas
1. Portland, Ore.      65.68 1. Miami                 47.96
2. Pittsburgh          65.58 2. Fort Lauderdale, Fla. 49.81
3. Grand Rapids, Mich. 62.99 3. Atlanta               51.42
4. Seattle             62.09 4. Memphis, Tenn.        52.05
5. Albany, N.Y.        61.86 5. Orlando, Fla.         52.11

*Based on a scale of 1 to 100 (with 100 being least risky) and predicts the
likelihood of severe delinquency (more than 91 days past due) within the next
12 months

Complete findings from the Q2 2013 Metro Business Pulse, including detailed
industry group analysis, will be presented in Experian's Quarterly Business
Credit Review Webinar on Sept. 24 at 11 a.m. Pacific time/1 p.m. Central
time/2 p.m. Eastern time. If you would like to attend the event, click here.

About Experian's Business Information Services
Experian's Business Information Services is a leader in providing data and
predictive insights to organizations, helping them mitigate risk and improve
profitability. The company's business database provides comprehensive,
third-party-verified information on 99.9 percent of all U.S. companies.
Experian provides market-leading tools that assist clients of all sizes in
making real-time decisions, processing new applications, managing customer
relationships and collecting on delinquent accounts. For more information
about Experian's advanced business-to-business products and services, visit
www.experian.com/b2b.

About Experian
Experian is the leading global information services company, providing data
and analytical tools to clients around the world. The Group helps businesses
to manage credit risk, prevent fraud, target marketing offers and automate
decision making. Experian also helps individuals to check their credit report
and credit score, and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a
constituent of the FTSE 100 index. Total revenue for the year ended March 31,
2013, was US$4.7 billion. Experian employs approximately 17,000 people in 40
countries and has its corporate headquarters in Dublin, Ireland, with
operational headquarters in Nottingham, UK; California, US; and São Paulo,
Brazil.

For more information, visit http://www.experianplc.com.

Experian and the Experian marks used herein are service marks or registered
trademarks of Experian Information Solutions, Inc. Other product and company
names mentioned herein are the property of their respective owners.

Contact:
Roslyn Whitehurst
Experian Public Relations
1 714 830 5578
roslyn.whitehurst@experian.com
Twitter: @RozWhitehurst

SOURCE Experian

Website: http://www.experian.com
 
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