Late payment to services firms drops by £2bn in 2011

The amount of money owed to service sector small and medium-sized enterprises (SMEs) in late payments dropped by almost £2bn in 2011 at £5.9bn, down from £7.6bn in 2010.
Thurs, 23 Feb 2012
The amount of money owed to service sector small and medium-sized enterprises (SMEs) in late payments dropped by almost £2bn in 2011 at £5.9bn, down from £7.6bn in 2010.

This is according to a survey of 450 SMEs from banking industry body Bacs, which manages Direct Debit and Bacs Direct Credit systems.The report shows that services firms...

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