Payment delays may increase
3 April 2012
Suppliers are set to suffer increased payment delays in 2002 as their clients conserve cash by holding back on settling invoices.
The latest survey by customer relations management company Experian found that suppliers still wait 60 days for payment following their invoice, which is unchanged from last May.
A spokesman for Experian, which produces the largest late payment survey for the UK covering 190,000 firms, told SM: “Late payment will get worse because the trading situation is...