SFA report shows almost 75% of firms are paid late
on 21/08/2013 07:12:54
The Late Payment Survey, conducted in June, shows that almost three quarters of companies experience delays in getting their money - that is up 2% on January this year.
The figures also reveal that nearly half of all businesses have a written payment contract with their customers, however only 6% review their clients' payment performance.
Since March, Irish firms are legally entitled to automatically charge interest penalties on bills that are outstanding for more than 30 days, but SFA spokesperson Aviné Mc Nally said many are reluctant to do so.