Businesses are paying their bills significantly faster this year than they were last year, according to the Experian Late Payment Index.
The analysis shows that during Q2 2010 UK businesses paid their bills an average of 20.99 days late compared to 23.61 days late in Q2 2009. Joe Myers, Head of Commercial Credit at Experian, said: “Even though they remain among the slowest payers, the largest companies have improved significantly over the last year.” “This improvement…
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