Summary
UK businesses are still taking two months - 60 days - to pay their bills, almost exactly the same as a year earlier, research published by Experi-an, the global information company, has revealed.
Seven years after the introduction of the Late Payment of Commercial Debts (Interest) Act, which was intended to speed up payments, the average time companies take to pay their bills is still two days longer than before the legislation was introduced.See the full content of this document
Extract
Firms Wait 60 Days to Pay Bills
The report shows that large companies have extended the time they take to pay their suppliers - usually much smaller than th...
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