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Survey: Small businesses waiting around 67 days to be paid

The figure is slightly better than it was a few months ago – but one third of businesses are still waiting more than three months to be paid.

SMALL BUSINESSES ARE waiting an average of 67 days to be paid – while one third have to wait more than three months.

The survey of 972 small business owners by ISME showed that businesses are being paid slightly faster than they were a few months ago, however.

Leinster businesses have the shortest average wait at 64 days while companies in Ulster have the longest wait at 76 days.

ISME said that 8 per cent of respondents were waiting over four months to be paid, which is a drop of 6 percentage points since the last time the survey was carried out in December.

The business group said the government should increase tighter controls to ensure companies get paid on time.

“There is no point in our Taoiseach hoping that Ireland becomes the ‘best small country in which to do business by 2016′, while his Government turns a blind eye to big business and State agencies gouging their smaller suppliers by demanding and taking excessive trade credit,” said Mark Fielding of ISME.

The group is calling for the government to implement a statutory 30 day payment system for all businesses trading in Ireland.

Read: Cyprus president: Crisis is ‘contained’ and we won’t leave eurozone >

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    Install the app to use these features.
    Mute cosmological
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    Apr 29th 2015, 3:05 PM

    The instinct for survival is astonishing.

    52
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    Mute aoife kally
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    Apr 29th 2015, 10:59 AM

    God doesnt cause earthquakes Einstein.
    Its called a Natural Disaster

    30
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    Mute Pauliebhoy
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    Apr 29th 2015, 3:04 PM

    Einstein didnt believe in God

    12
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    Mute Shane Walsh
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    Apr 29th 2015, 3:18 PM

    Bear Grylls will be proud.

    21
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    Mute Onion Knight
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    Apr 29th 2015, 3:19 PM

    It’s full of protein.

    10
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    Mute .
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    Apr 29th 2015, 3:13 PM

    hopefully not the only survivor, well done to those involved with saving him!

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    Mute Peter Bishop
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    Apr 29th 2015, 8:17 AM

    Guess god is not available right now. But you will be sure his reps will be!

    16
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    Mute Justin Devaney
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    Apr 29th 2015, 3:04 PM

    On the piss.

    11
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    Mute John Reese
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    Apr 29th 2015, 3:39 PM

    Hopefully in this case it is a case of not able to reach communication. Devastating event. One thing I have noted is the different countries all working together to help the people. Long may of continue. I wonder will Daly and Wallace be protesting at the 2 US Boeing C-17 aircraft sent over to help in the effort if they refuel at Shannon?

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    Mute Patrick J O'CONNOR
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    Apr 29th 2015, 8:27 PM

    @John Reese. Well said John. Also the Israelis have set up a field hospital operational to-day and treating 200.+patients per day. 130 medical team in a 230 group rescue group sent over.
    _“The field hospital will deal with various types of medical issues that come up, including a surgical department, obstetrics, a laboratory for blood samples, and other emerging medical issues,” said Weiss. “We also have an eye doctor and other types of specialists.”
    There will be 60 beds and the capacity to treat at least 200 people per day.”
    —-

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    Mute Patrick J O'CONNOR
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    Apr 29th 2015, 8:30 PM

    @John Reese. Well said John. Also the Israelis have set up a field hospital operational to-day and treating 200.+patients per day. 130 medical team in a 230 group rescue group sent over.
    _“The field hospital will deal with various types of medical issues that come up, including a surgical department, obstetrics, a laboratory for blood samples, and other emerging medical issues,” said Weiss. “We also have an eye doctor and other types of specialists.”
    There will be 60 beds and the capacity to treat at least 200 people per day.”

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    Mute Patrick J O'CONNOR
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    Apr 29th 2015, 9:45 PM

    @John Reese. Well said.

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    Mute Peter Bishop
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    Apr 29th 2015, 8:26 AM

    Guess God wasn’t available .

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    Mute Jebus
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    Apr 29th 2015, 3:04 PM

    Leave my father alone!

    31
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