Companies taking longer than ever to pay their bills

March 2005
Credit Control;2005, Vol. 26 Issue 3, p43
Trade Publication
The article reports that global information solutions company Experian Corp. has revealed that small, medium and large companies in Great Britain are taking longer to pay their bills than six months ago. Phil Cotter, managing director of Experian's Business Information Division, commented that while the agreed payment period must also be taken into account when looking at how long companies take to pay their bills, there is no escaping the fact that companies are taking longer to pay. This could be the result of larger companies imposing longer payment terms on their suppliers, who are often not in a position to refuse.


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