Small firms waiting longer to get paid

An ISME survey found the average payment period increased by three days to 59 in the first quarter

30th March, 2016
Small firms are now waiting 59 days on average to be paid Pic: Pixabay

Small firms have reported a deterioration in the length of time it takes them to get paid, with the average payment period increasing by three days to 59 in the first quarter.

A further four per cent have to wait 120 days or more, the survey found. It found that firms in Ulster waited the longest to be paid, at 67 days, while businesses in Munster fared best, with a waiting period of 52 days on average.

"The vital...

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