Trade suppliers first to lose

According to Dun & Bradstreet’s September Business Expectations Survey, 43 per cent of businesses would choose to miss a payment to a trade supplier if they were unable to pay all of their bills. The survey also found that 35 per cent of businesses have had a customer or supplier become insolvent or otherwise unable to pay them during the past year. 

Businesses with between 6-199 staff paid their invoices at the fastest average rate of 41.5 days, but businesses with 1-5 employees recorded the most improvement at 43.3 days, compared to 47.0 days in the previous quarter and 49.1 days last year.

Source: Dun & Bradstreet - September 2015

Source: Dun & Bradstreet – September 2015