Late payment times shorten
3 April 2012
UK firms have got better at paying their suppliers’ bills on time, according to a survey by Grant Thornton and Business Strategies, with average payment times falling from 52 days to 46. The average for the EU as a whole is 55 days; Greece is the worst offender - suppliers there wait an average of 87 days - while the Finns generally pay bills in 26 days.