Invoice payment waiting time by business size in the United Kingdom (UK) 2016

Published by Statista Research Department, Sep 26, 2016
This statistic presents the average waiting times for receiving payment of invoices according to British businesses, listed for the annual turnover of the business (as a proxy for assessing business size) in the United Kingdom (UK) in 2015 and 2016. Smaller businesses (with a turnover of one million British pounds per year or less) waited relatively longer for their payments - on average 71 days compared to 42 days for businesses with a turnover between 250 and 500 million annually as of 2016. Surprisingly the average waiting times for receiving payment of invoices according to British businesses with a turnover of over 500 million British pounds decreased by ten days from 2015 to 2016.

Average waiting time for invoice payment according to British businesses in the United Kingdom (UK) as of 2016, by annual business turnover (in days)

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Source

Release date

September 2016

Region

United Kingdom

Survey time period

2016

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