Late payment on the increase in all industry sectors
Companies now take 60.8 days to pay their bills – the longest time since the introduction of The Late Payment of Commercial Debts (Interest) Act six years ago. According to Experian, in November 1998, it took companies an average of 57.5 days to pay their bills. They now take 60.8 days – an overall increase of 3.3 days.
Large companies take on average 80.3 days to pay their bills – the first time their average payment period has exceeded 80 days.Compared to six months previously, the average payment period of
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