I was reading – as you do – an article in Credit Today based on latest figures from Experian which in summary says that during the second quarter of 2010 UK businesses were settling their bills 3 days quicker than in the same period in 2009.
Interestingly this still means that business invoices are being paid on average 21 days late with the Scottish living up to their stereotype and being the worst offenders! and those in the South East settling their bills the quickest.
Whilst clearly good news I would be very interested to hear your own experiences – are you seeing an improvement in your own business?
Oh, and if you still think 21 days late is unacceptable you know where to find me!