Isme condemns payment delays

Small businesses are being driven to the wall by big businesses which are intentionally delaying paying them, according to the Irish Small and Medium Enterprises Association (Isme).

Isme released the Summer SME Credit Watch Survey which found that the average payment period in Ireland for SMEs was 69 days, against the previous quarter at 71 days.

Isme has been calling on the Government to introduce legislation that would enforce a mandatory 30-day payment time frame with no exceptions.