Late Payers Kill 4,000 Firms and Countless Jobs in Year

The JournalAugust 07, 2009

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Summary


DEVELOPMENT agency One North East has backed an effort to prevent businesses failing through late invoice payment.

Despite the region having the fewest companies going out of business due to late payment, the North East still had 137 casualties last year.

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Extract


Late Payers Kill 4,000 Firms and Countless Jobs in Year

At the same time, late payment cost regional businesses pounds 19m in unnecessary interest payment...

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