BUSINESSES IN COUNTY MONAGHAN 9TH SLOWEST AT PAYING BILLS!

4 May 2012 No Comments by The Northern Standard

By PATSY McARDLE
BUSINESS firms in Co. Monaghan are the ninth slowest in Ireland at paying their bills, averaging 25.91 days beyond terms in the first quarter of the year.
That is revealed as a result of a recent in-depth survey carried out by a global informations’ services group in Ireland.
The survey revealed that Irish businesses improved their payment performance for the third quarter in a row, according to Experian®, the services company involved in the findings.
It says businesses in the Republic paid creditor invoices on average of 25 days beyond invoice terms, an improvement of one day compared to the fourth quarter last year.
The findings also indicated businesses in Northern Ireland paid their bills almost seven days quicker than their counterparts in the Republic, paying on average 17.64 days beyond terms in the first three months of 2012.
By analysing the payment records of tens of thousands of businesses in the Republic of Ireland and Northern Ireland, including those owned by overseas companies, Experian is able to identify if and …

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