Late paying problem
13 September 2012
Almost one in five firms says late payment problems have worsened, according the Forum of Private Business’ latest Economy Watch survey.
The survey shows 18% said the problem of late payment and changes to payment terms and conditions had deteriorated, while 36% of respondents’ turnover is tied up in late payment at any one time. And 37% of late payers take between 1-3 months to pay invoices.
