Research reveals an increase in average payment days for small and medium businesses

Published 1 March 2024

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.

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