Comments on: Mid-sized firms lead late payment improvement

By: bob haynes

bob haynes — Sat, 27 Feb 2010 11:51:47 +0000

Having worked for several years inside a large business before becoming self employed, I believe that we are missing the point. It is often about disciplines within an organisation and a failure to complete the internal transactions required to activate the payment process. ie. the invoice was paid in the agreed period but sat in someones in tray for several weeks prior to that

By: Trevor Wood

Trevor Wood — Thu, 26 Nov 2009 11:57:01 +0000

I know for sure that a couple of my consistent late payers are just disorganised. Bad debts have risen slightly. As to the worst of the Credit Crunch – if I could answer that I’d make a lot of money telling people

By: News Desk

News Desk — Thu, 26 Nov 2009 10:49:21 +0000

Thanks Trevor, that makes a lot of sense. I suspect the late payers will continue to struggle through 2010. Have bad debts risen over the last 12 months? Do you think the worst of the credit crunch is over?

By: Trevor Wood

Trevor Wood — Thu, 26 Nov 2009 10:44:20 +0000

My company’s experience is that those who always used to pay on time continued doing so and those who consistently paid late are paying even later.