Despite concentrated efforts to improve council invoicing and payment procedures, local authority late payments have barely improved over the past three years.
According to the Forum of Private Business, the average local authority supplier now waits 17.5 days for payment – an improvement of just 0.4 days since 2009.
Barely more than half (51%) of all local authorities meet the government’s target of settling their invoices within ten days.
Phil Orford, chief executive of the FPB, welcomes that any shift has been seen towards improvement in local authority late payments, but adds a note of caution.
“At least the movement is in the right direction – but should we be thrilled at such a small improvement?” he asks.
Leicester performed particularly poorly in the FPB’s Freedom of Information requests, with an average payment time of 28 days ranking it just outside the bottom ten local authorities.
Based on the proportion of payments made between ten and 30 days after invoicing, however, the city ranked even lower, placing it among the country’s ten worst performers.
At the Cash Protection Agency we can help you to recover money owed to you by local authorities, businesses and individuals alike.
We’re based in Leicester, but we can handle enquiries from across the country – so if you have an invoice that’s overdue, get in touch.