Source: Dun & Bradstreet - The cash flow of New Zealand businesses is expected to remain under pressure during 2011, with new research revealing that the number of firms with outstanding debts increased during the December quarter 2010.
The latest business payments research from Dun & Bradstreet reveals that an additional four percent of New Zealand firms failed to pay their trade credit accounts during the December quarter 2010. These findings coincide with figures which reveal that the time businesses are taking to pay each other has also risen – New Zealand firms took 43.9 days to settle their trade accounts during the December quarter, a figure which remains two weeks above the standard 30 day payment term.
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