Late payment problems worsen
28 August 2012
The time it takes UK companies to pay their bills has increased to an average of 59.5 days, despite Government efforts to curb the problem.
Figures from financial information provider Experian show that companies were taking an average of 57.5 days to settle their debts in November 1998. By November 2003 that figure had increased to 59.5 days. The delay is even worse for large companies who have seen an increase of 6.2 days from 72.1 days in 1998 to 78.3 days last year.
The UK Government introduced...