late payment

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The issue of late payments - which The Journal first highlighted with its Pay Fair campaign in 2014 - has been blamed for hundreds of business failures in the region, and came back to the fore when outsourcing giant Carillion went bust.
For example, mobile apps are still not consumers' preferred method of making late payments (12 percent), despite the popularity of SMS as reminders.
M2 EQUITYBITES-September 15, 2017-Bibby Financial Services Releases Protection Against Late Payments Guide
Just over a third of Welsh SMEs (34%) say they experience late payments, the lowest percentage among the UK nations.
A three-member bench of the apex court headed by Chief Justice Mian Saqib Nisar heard the case filed by National Oil Refinery against fine imposed by SBP over late payments to Aramco.
A January 2015 survey conducted by Sage in found one in ten SMEs are being crippled by cash flow and two-thirds of small businesses had to wait over 60 days for late payments.
The survey suggests that the issue spans customer sizes and types, with 33% of Yorkshire SMEs reporting that most of their late payments were from large businesses, 9% pointing to the public sector and 8% identifying mediumsized firms as being responsible for late payments.
Studies continue on the impact of the Late Payments Directive (also known as Directive 2011/7/EC of the European Parliament and the Council of the European Union dated Feb.
Whether an employee or business owner, you expect to be paid for work you do, but with UK late payments now in excess of PS40bn many firms are left struggling to make ends meet.
A further 68% of those negatively affected by late payments say the situation hasn't improved in the last year.
Some 20 per cent of directors, in companies that experience late payments, say they have taken a cut in salary in order to keep cash inside their businesses.
One out of two businesses in Construction and Education state late payments contributed to them not hiring.