Half of businesses in the North East, Yorkshire and Humberside hit by late payments in the last 6 months
Recent research by R3 shows that 50% of businesses in the North East, Yorkshire and Humberside have been victims of late invoice payments in the last 6 months. The figure nationwide is 49%.
Previous research by R3 has found that late payments are a major factor in 20% of UK corporate insolvencies.
R3 have stated that addressing the UK’s poor payment culture must be a top priority for the new government, especially the attitudes of some large companies to their smaller suppliers.
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