GALWAY BUSINESSES THIRD SLOWEST AT PAYING BILLS

Date Published: 12-Oct-2012

A new survey shows that Galway businesses are the third slowest in the country at paying their bills.The survey, conducted by the global information services company Experian, found that businesses in the country paid creditor invoices on average 24 days beyond invoice terms.That's compared with figures from Northern Ireland which were significantly better with businesses averaging a late payment of just over 17 days.The figures show Galway businesses were on average almost 28 days beyond invoice terms with only Louth and Waterford worse than them.Spokesperson for Experian, Ray Breen, said that despite being the third worst in Ireland, the figures for Galway were actually an improvement on previous years.