Survey: SME payment delays worsen

Credit conditions for SMEs are deteriorating, with the time it takes for firms to receive payments getting longer, according to ISME’s latest Credit Watch Survey.

The main findings from 826 respondents in the final week of June include: * Average payment period for SMEs in the second quarter of 2014 deteriorated from 60 to 63 days.

* 28% are experiencing delays of three months or more; a deterioration on the 25% in the first quarter.