Late payers - 'growing drain on cashflow'

A recent Dun & Bradstreet survey reveals that cash flow is expected to remain a major challenge for NZ businesses in the year ahead.

The number of Kiwi firms failing to pay their trade credit accounts during December quarter was 4 per cent higher than in the same period last year.

And businesses are taking longer to settle their bills. NZ firms took an average of 43.9 days to settle their accounts in the final 3 months of last year - two weeks over the standard 30-day payment term.

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