Manufacturers’ pay delays lengthen_3
18 July 2012
Manufacturers are taking longer than this time last year to pay suppliers as they fight the continuing contraction in the sector, according to new figures.
The Credit Management Research Centre’s (CMRC) quarterly survey of more than 1,000 firms found suppliers in most manufacturing industries were being paid further beyond the due date in the last quarter of 2001.
Machinery suppliers were the hardest hit, being paid 28 days late on average, compared with 17 days in the same period in 2000. Textiles, paper, non-...