Late payments getting worse

Small firms in the UK are having to wait longer to get paid than in the past. And their customers pay more slowly than those dealing with larger firms, according to a study of company accounts conducted by Siemens Financial Services.
In 2006 the small, owner-managed firms in the study had to wait an average of 80 days to receive payment, compared to 69 days two years earlier. By contrast the large firms whose books were examined got paid in 47 days.

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