The latest late payment data from Experian, published 7 August, showed that businesses paid bills on average a day later in Q2 2013 than in the same period in 2012.
The average time taken to settle invoices was 24.58 days beyond terms from April – June 2013 (2012: 23.46 days). Compared to last year, the UK’s largest companies (501+ employees) were dragging their feet even more, with an increase of three days taken for settlement; 34.19 in Q2 2013, up from 30.91 in Q2 2012. Geographically,…
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