Late payments causing job losses - ISME

Late payments to small and medium businesses are imposing serious financial constraints, ISME has said.

26th September, 2011

Late payments to small and medium businesses are imposing serious financial constraints, which in many instances are leading to job losses, insolvency and close down, ISME has said.

The business lobby group claims that the main culprits are “accountancy led big business and the state sector” who are delaying payments to their smaller suppliers. This situation has occurred, despite legislation being in place for almost ten years, supposedly to alleviate the situation, a statement said....

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