Businesses still taking 60 days to pay, claims research

January 2006
Credit Control;2006, Vol. 27 Issue 1, p39
Trade Publication
The article reports on a study conducted by information solutions company Experian Inc about payment of bills by businesses in Great Britain. The study has showed that businesses are taking two months to pay their bills, almost exactly the same with 2005 results. The figures has showed seven years after the introduction of the Late Payment of Commercial Debt Act, which was intended to speed up payments. But the study has showed that average time companies take to pay their bills is still two days longer than before the bill was introduced.


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