Retail suppliers late payment worsening
UK debt collections
APRIL 11, 2023
Small businesses supplying the automotive, retail industry and manufacturing sectors face the longest-ever wait for payment from some of the UK’s largest companies, according to Good Business Pays. Waterstones payments increased from 73 to 75 days. Hobbs payments increased from 53 to 66 days. Virgin Mobile also going from 38 to 28 days.