Home > Uncategorized > The slowest payers in the UK are… the Scots

The slowest payers in the UK are… the Scots

scotland-Group-Tours

Tempting as it is to portray a stereotype, the regional variances in this report were frankly pretty limited. I am not sure they mean an awful lot

http://www.telegraph.co.uk/finance/businessclub/10481527/The-worst-payers-in-the-UK-are…-Bars-in-Scotland.html

But more significant is this quote for a business owner

Mr Jones spends a day a month chasing invoices alongside a fellow staff member. “A lot of MPs don’t realise that business owners like me are forced to use our valuable time to chase invoices,” he said. “This takes time and stunts growth; you can’t invest because you’re not sure of cashflow.”

More fool you. Aside from the fact that this is inadequate chasing (half an hour a day would make more sense) this task is easily outsourced at would be a cheaper rate than his “valuable” time

 

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