Late payments are really hurting the construction and demolition sectors

The excellent website SmallBusiness.co.uk has recently posted an article about the impact of late payments on the construction and demolition industries. In particular, referencing the Asset Based Finance Association (ABFA) regarding UK businesses facing an average wait time of 61 days for payment.

The article is well worth your time and includes a shout out to our very own John Woodward where he talks about The Construction Act and how 30 days used to be the norm, but now we see small businesses waiting as long as 120 days for their money.