{"id":61784,"date":"2019-01-03T15:31:04","date_gmt":"2019-01-03T15:31:04","guid":{"rendered":"https:\/\/isme.ie\/?p=61784"},"modified":"2019-01-03T16:01:42","modified_gmt":"2019-01-03T16:01:42","slug":"increased-payment-delays-for-irelands-sme-sector","status":"publish","type":"post","link":"https:\/\/isme.ie\/increased-payment-delays-for-irelands-sme-sector\/","title":{"rendered":"Increased payment delays for Ireland\u2019s SME sector"},"content":{"rendered":"
ISME, The Irish SME Association today (January 3rd)<\/strong> published the results of its quarterly Credit Watch Survey Q3\u201918. <\/strong>Based on the findings, credit days for this quarter have worsened from 55 to 59 days. Businesses in Ulster are waiting the longest to be paid at 70 days followed by Leinster at 58 days. The Manufacturing and Construction sectors are waiting longest on payment; an average of 63 and 69 days respectively. The Association emphasises the importance of businesses paying each other on time.\u00a0\u00a0<\/p>\n Commenting on the results ISME, CEO Neil McDonnell said:<\/strong><\/p>\n \u201cToday\u2019s report showing an increase in payment delays is disappointing. Cash flow certainty is a key feature of sustainable businesses. Failure by businesses to pay each other on time has a knock-on effect on productivity, development, and growth.\u201d<\/em><\/p>\n \u00a0<\/em>The ISME CEO added<\/strong>:<\/p>\n \u00a0<\/em>\u201cThere needs to be a collective change in our attitude when it comes to paying creditors. Businesses in the Wholesale sector are waiting up to 78 days, which is completely unacceptable. <\/em><\/p>\n \u00a0<\/em>Smaller businesses do not have working capital to wait for payment as long as big businesses. 36% of multinationals are taking longer to make their payments, showing a total disregard for SMEs.\u201d<\/em><\/p>\n <\/p>\n These findings represent 12% of our membership, with research undertaken in the last week of September. The main results show: <\/strong><\/p>\n The Association called on Government to:<\/strong><\/p>\n \u00a0<\/strong>View the full report:\u00a0here<\/a><\/p>\n ENDS.<\/strong><\/p>\n For further information, please contact Payment time for SMEs worsens from 55 to 59 days Businesses in Ulster are waiting longest to be paid at 70 days 69% of businesses are experiencing delays of 2 months or more \u2018Unacceptable\u2019 that 36% of big businesses are taking longer to pay SMEs ISME, The Irish SME Association today (January 3rd) published the … Continued<\/a><\/p>\n","protected":false},"author":17395,"featured_media":61787,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","wds_primary_category":0,"footnotes":""},"categories":[168],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/isme.ie\/wp-json\/wp\/v2\/posts\/61784"}],"collection":[{"href":"https:\/\/isme.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/isme.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/isme.ie\/wp-json\/wp\/v2\/users\/17395"}],"replies":[{"embeddable":true,"href":"https:\/\/isme.ie\/wp-json\/wp\/v2\/comments?post=61784"}],"version-history":[{"count":0,"href":"https:\/\/isme.ie\/wp-json\/wp\/v2\/posts\/61784\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/isme.ie\/wp-json\/wp\/v2\/media\/61787"}],"wp:attachment":[{"href":"https:\/\/isme.ie\/wp-json\/wp\/v2\/media?parent=61784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/isme.ie\/wp-json\/wp\/v2\/categories?post=61784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/isme.ie\/wp-json\/wp\/v2\/tags?post=61784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
\n
\nWayne Tobin, Press, Policy and Research Officer
\nT: 01 6622755
\nE: wayne@isme.ie<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"