Leitrim businesses amongst slowest to pay bills

Businesses in Leitrim are the sixth slowest in Ireland to pay their bills, averaging 28.26 days beyond terms in the first quarter of the year, according to the latest figures from Experian, a global information services company.

Businesses in Leitrim are the sixth slowest in Ireland to pay their bills, averaging 28.26 days beyond terms in the first quarter of the year, according to the latest figures from Experian, a global information services company.

By analysing the payment records of tens of thousands of businesses in the Republic and Northern Ireland, including those owned by overseas companies, Experian is able to identify if and when they are going to pay their debts.

Businesses in the Republic paid creditor invoices on average of 25 days beyond invoice terms, an improvement of one day compared to Q4 2011. The study found that businesses in Clare are the fastest in Ireland to pay their bills, averaging 19.53 days beyond terms in the first quarter of the year.