Late-paying councils push SMEs to invoice finance

Late-paying councils push SMEs to invoice finance

The slowest-paying local authorities in the UK took on average 38 days to pay their suppliers last year, new research has revealed. Payment times to suppliers by local councils have remained persistently high in the past year, according to the Asset Based Finance Association (ABFA), the body representing the invoice finance and asset-based lending industry in the UK and the Republic of Ireland.

 

Written by CSG

Financial Services

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