Big companies paying up more quickly
BRITAIN’S big firms are paying their bills more quickly, which suggests their cash flow is improving, according to research.
The latest data from information services company Experian reveals that, on average, UK businesses paid their bills during the second quarter of 2012 nearly two days earlier than they did in the same period last year.
Between April and June this year, UK firms were paying their overdue invoices 23.38 days after agreed terms, the research concluded.
Max Firth managing director of Experian’s business information services division, said: “Much of this improvement has been led by the UK’s largest businesses.”