Invoice-settling crisis set to worsen
3 April 2012
Further evidence of increased delays in settling invoices amid an economic downturn is making a late payment crisis likely.
A major survey shows some sectors taking two weeks longer to make payments than they did last November. Large gas companies are the slowest, taking on average 91 days to settle, 16 days longer than in November.
Average payment time has risen from 59 days in November to 60 days in May, according to the biannual survey from information solutions firm Experian,...