It said figures for the last three months show late payment by large businesses had increased by 11%, bringing to an end a period which had seen a distinct improvement in the perception of large firms.
Deliberate delay was the most common reason given by suppliers for businesses paying late (27%), with many firms believing that customers delayed payment to improve their own position. Others stated financing difficulties experienced by customers had an effect on their ability to pay on time.
During the quarter to September 2000, 60% of customers were reported as paying on time, and 30% offered discounts to encourage prompt payment.
On the positive side, the survey showed the main motivations for paying on time included maintaining relationships with particular suppliers (88%), maintaining company reputation (76%) and developing relationships with particular suppliers (76%).
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel