UK businesses settling late bills sooner
Research by Experian shows payment speeds improved by end of 2009
At the end of 2009 UK businesses significantly improved the time it takes them to settle their bills, according to the latest Late Payment Index by Experian.
The company found that during December 2009, businesses were paying their late bills an average of 20.88 days after agreed terms - an improvement of over two and a half days from 23.54 days in December 2008.
The research also showed that it was only in August 2009 that UK businesses turned their payment performance around and began to see
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