Large Companies are worst offenders for late payments

14th April 2009

Over one million small and medium-sized companies are struggling to maintain cash flow levels due to delays or defaults on the payments of creditors' bills, according to a poll by Tenon Recovery.

The poll of more than 1,200 entrepreneurs showed that large companies are the worst offenders when it comes to late payments.

"56% of those who experienced late payments commented that they had come from large UK companies," said Tenon Recovery.
 

Source: Newbusiness.co.uk www.newbusiness.co.uk/news/large-companies-are-‘worst-offenders’-late-payments