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Customer Concentration
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Find out what percentage of revenue is concentrated in each customer, the HHI risk index and the capital at risk if your top customer walks away. Free, no sign-up.

Calculate customer concentration

Enter your total annual revenue and the revenue from each top customer to get the concentration index and the associated risk.

Top customer (required)
Top Customer
of total revenue
HHI Index
Capital at Risk
if customer 1 leaves
Remaining Revenue
after losing customer 1
Revenue distribution by customer
What to do next?
Note: With factoring, you can advance the value of this customer's invoices within 24-48 hours regardless of when they pay — removing the liquidity risk from concentration.

What is customer concentration?

Customer concentration is the degree to which a company's revenue depends on a small number of buyers. A business with 80% of revenue from a single customer has very high concentration — and a proportionally high cash-flow risk. UK lenders typically flag 30%+ of revenue from a single customer as a concentration risk during SME credit underwriting, and asset-based lenders apply lower advance rates on concentrated debtor books.

The risk isn't only losing the customer. It's the daily exposure: if that customer delays a payment, cuts an order, or runs into financial difficulty, the business is dragged down immediately. With UK average late-payment levels persistent (many SMEs paid 30-60 days beyond agreed terms), customer concentration is one of the leading drivers of SME insolvency.

Simplified HHI (customer concentration) HHI = Σ (% of each customer)² ÷ 100

Example: Customer A = 60%, Customer B = 30%, Others = 10%
HHI = (60² + 30² + 10²) ÷ 100 = (3600 + 900 + 100) ÷ 100 = 46 — HIGH

The higher the HHI, the higher the concentration and risk. An HHI of 100 means total dependence on a single customer. An HHI below 25 indicates a well-diversified portfolio — the threshold UK lenders typically consider healthy.

Concentration Risk Scale

Interpreting the concentration index and the top customer's share of total revenue:

HHI < 25 CONTROLLED
Good diversification
HHI 25–50 MODERATE / HIGH
Rising risk
HHI > 50 CRITICAL
High dependence
Customer 1 share Rating Risk Recommended action
< 25% CONTROLLED Low Monitor annually
25%–40% MODERATE Medium Actively diversify, use factoring
40%–60% HIGH High Urgent diversification plan + factoring
> 60% CRITICAL Very high Immediate action: factoring + diversification

How to Manage Concentration Risk

There are two angles for managing customer concentration: reducing concentration over the long term and protecting cash flow in the short term.

Factoring on the concentrated customer

Advance the top customer's invoices within 24-48 hours. Even if the business depends on one large customer, it doesn't depend on the timing of their payments. Cash flow stays protected. Non-recourse factoring also transfers the credit risk (similar to trade credit insurance cover).

Learn more about factoring →

Active diversification

Set an internal concentration cap per customer (e.g. 30%) and invest in business development for other segments or geographies. Diversification is a medium-term process.

Full financial diagnosis →

Customer-level DSO tracking

Track Days Sales Outstanding specifically for the concentrated customer. A rising DSO on that customer is the first sign of risk — well before any payment default.

Calculate DSO →

Frequently Asked Questions about Customer Concentration

What is customer concentration and why is it a risk?
Customer concentration measures how dependent a company is on a small number of buyers. UK lenders treat 30%+ of revenue from a single customer as a concentration flag in SME credit underwriting. When a single customer represents more than 30-40% of revenue, the business is exposed to severe liquidity risk: any payment delay, order reduction, or supplier switch by that customer can trigger an immediate cash crunch. The impact is even worse if the customer has a record of late payment.
What is the HHI Index and how is it interpreted?
The HHI (Herfindahl-Hirschman Index) is an economic concentration indicator adapted to customer portfolio analysis. It is calculated by summing the squared percentages of each customer's revenue share, divided by 100. Scale: below 25 indicates good diversification (CONTROLLED), 25 to 50 indicates moderate to high risk, above 50 indicates high concentration (CRITICAL). An HHI of 100 means total dependence on a single customer.
What should you do if a single customer represents more than 50% of revenue?
This is a high-risk situation that requires action on two fronts: (1) Customer-base diversification — invest in business development, expand into new geographies or segments, and avoid exclusivity contracts that prevent working with other customers; (2) Immediate cash flow protection — use factoring to advance the value of that customer's invoices within 24-48 hours, removing the liquidity risk tied to payment timing. While diversification is a medium-term process, factoring is an immediate safeguard.
How does factoring help manage customer concentration risk?
Factoring lets you advance the value of invoices issued to a concentrated customer within 24-48 hours, regardless of the agreed payment terms. Even if the business depends on one large customer, it doesn't depend on the timing of their payments to run cash flow. If the customer pays at 90 days, the business receives funds in 2 days via factoring. The concentration risk doesn't disappear, but the liquidity risk is contained. With non-recourse factoring, credit risk is also transferred to the factor (similar to UK trade credit insurance).

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Protect cash flow from customer dependency

With factoring you can advance your top customer's invoices within 24-48 hours, regardless of when they pay. Eliminate liquidity risk even while you keep a concentrated customer base.