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CreditWorks Group

CreditWorks Group is New Zealand's largest trade credit bureau. We have helped make industry a safer place to trade for over 20 years.

01/09/2026

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.

30/08/2026

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.

10/08/2026

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

19/07/2026

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/

15/07/2026

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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07/10/2025

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

01/10/2025

Construction is steadying, suggesting the K-shaped economy is giving one last flicker as the recovery takes hold. Spending has returned to early 2022 levels, but volumes remain low. Stronger companies are paying on time and managing debt, while others face tighter cashflow.

- More new businesses are starting than closing, though growth has slowed since 2021–2022.

- Residential construction is down 20 percent, with the North Island hardest hit and new homes smaller and lower in value.

- Commercial construction is up almost 5 percent, driven by a handful of larger firms.

- Arrears are higher, mostly because larger debtors are stretching payment terms. Subcontractors linked to residential projects are under pressure, while civil and concreting work is steadier. South Island regions are performing stronger.

The takeaway is clear. Residential work in the North Island will remain challenging, but commercial projects and South Island regions offer opportunity. Success comes down to knowing who you back and how well they manage cashflow.

➡️ Read the full report here:https://creditworks.co.nz/wp-content/uploads/2025/10/Construction-Deep-Dive.pdf

19/09/2025

We’re proud to share that CreditWorks has successfully renewed our ISO 27001 certification ✅

This globally recognised standard in information security demonstrates our ongoing commitment to protecting client data and maintaining the highest level of security across our business.

A big thank you to the entire CreditWorks team for continuing to uphold and improve the rigorous processes that support this certification - it’s truly a team effort!

Learn more about our ISO 27001 journey here: https://creditworks.co.nz/iso-27001-certification-renewal/

11/09/2025

Today our Founder Ronnie Tan shared the stage with Ankit Sharma, CEO of the Registered Master Builders Association, at Constructive 2025 to launch FINZscore - Financial viability ratings for Kiwi Builders.

CreditWorks is proud to partner with Registered Master Builders NZ to launch another first for the NZ construction industry - improving transparency and creating greater financial confidence for all stakeholders.

Find out more: https://creditworks.co.nz/finzscore/

10/09/2025

In construction, trust is everything, but financial visibility has long been a blind spot. With insolvencies on the rise, it’s time for a change.

That’s why we’ve partnered with Registered Master Builders Association to launch FINZscore, New Zealand’s first financial rating system for the construction industry. A simple A–E score that makes financial trust transparent and accessible.

Our Founder Ronnie Tan will be showcasing FINZscore tomorrow at Constructive 2025 - see you there!

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Address

Level 1, 29 Great South Road
Auckland
1051

Website

http://creditworks.co.nz/

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