Late payment goes on and on and on...
Late payment of invoices remains the norm despite the introduction of legislation to tackle the issue, according to a new survey.
Results of the research show that three years after new laws to shorten the waiting time for bills to be paid, companies take on average two days longer to pay their bills.
The average waiting time for payment, according to the survey conducted by Experian,is 60.3 days.
Large companies take 77.9 days, medium-sized companies 59.3 days and small companies 50.1 days.
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Small companies paying up sooner
