Research reveals an increase in average payment days for small and medium businesses
Published
New research by the campaigning group, Good Business Pays, has revealed the companies with the poorest payment performance in the last six months.
The Good Business Pays Late & Slow Payment Watchlist Spring 2024 research shows a 20% increase in companies reporting average payment times of over 80 days, with the largest surge in companies reporting payments being made between 80-90 days. Over half of the companies paying on average more than 100 days are those in the manufacturing sector.