This statistic presents the average waiting times for receiving payment of invoices according to British businesses, listed for the annual turnover of the business (as a proxy for assessing business size) in the United Kingdom (UK) in 2015 and 2016. Smaller businesses (with a turnover of one million British pounds per year or less) waited relatively longer for their payments - on average 71 days compared to 42 days for businesses with a turnover between 250 and 500 million annually as of 2016. Surprisingly the average waiting times for receiving payment of invoices according to British businesses with a turnover of over 500 million British pounds decreased by ten days from 2015 to 2016.
Average waiting time for invoice payment according to British businesses in the United Kingdom (UK) as of 2016, by annual business turnover
(in days)
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Asset Based Finance Association. (September 26, 2016). Average waiting time for invoice payment according to British businesses in the United Kingdom (UK) as of 2016, by annual business turnover (in days) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/467578/average-wait-for-invoice-payment-by-business-size-united-kingdom/
Asset Based Finance Association. "Average waiting time for invoice payment according to British businesses in the United Kingdom (UK) as of 2016, by annual business turnover (in days)." Chart. September 26, 2016. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/467578/average-wait-for-invoice-payment-by-business-size-united-kingdom/
Asset Based Finance Association. (2016). Average waiting time for invoice payment according to British businesses in the United Kingdom (UK) as of 2016, by annual business turnover (in days). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/467578/average-wait-for-invoice-payment-by-business-size-united-kingdom/
Asset Based Finance Association. "Average Waiting Time for Invoice Payment According to British Businesses in The United Kingdom (Uk) as of 2016, by Annual Business Turnover (in Days)." Statista, Statista Inc., 26 Sep 2016, https://www.statista.com/statistics/467578/average-wait-for-invoice-payment-by-business-size-united-kingdom/
Asset Based Finance Association, Average waiting time for invoice payment according to British businesses in the United Kingdom (UK) as of 2016, by annual business turnover (in days) Statista, https://www.statista.com/statistics/467578/average-wait-for-invoice-payment-by-business-size-united-kingdom/ (last visited December 03, 2024)
Average waiting time for invoice payment according to British businesses in the United Kingdom (UK) as of 2016, by annual business turnover (in days) [Graph], Asset Based Finance Association, September 26, 2016. [Online]. Available: https://www.statista.com/statistics/467578/average-wait-for-invoice-payment-by-business-size-united-kingdom/
