Businesses paying more quickly, survey claims

The Late Payment Index also highlighted that small and medium sized businesses saw their payment performance remain stable during the second quarter of this year. The company claimed that the findings were good news for small to medium sized firms who should see the benefits filter through to them.

Large firms with more than 500 employees remained the slowest payers overall with a performance of 32.9 days beyond term (DBT). Firms with 101 - 500 employees improved to 24.81 DBT while at the