Smaller firms lagging behind in payment times survey

By Tom Lowe2020-03-06T06:00:00

Bigger contractors making greater strides over how long they’re taking to settle up

Three-quarters of the UK’s 100 largest contractors have shown no significant improvement on payment times in the past two years, according to new research.

Only the top 25% of the leading contractors based on turnover have increased the pace at which they pay their bills by more than four days since 2018, a report by M&DH Insurance, a broker that specialises in the construction sector, has revealed.

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