Suppliers to manufacturers wait eight weeks for payment

In a survey published by Bacs Payment Schemes, large companies were identified as the worst payers. The SMEs supplying the manufacturing industry are owed around £40,000 each, totalling £9.7 billion in overdue payments for the sector. Mike Hutchinson from Bacs said: “Just short of a million of the country’s smaller companies are facing a late … Continue reading Suppliers to manufacturers wait eight weeks for payment