Big business continues poor record of on-time payments

illion’s June Late Payments Report has found the fishing and mining sectors performed particularly well on an annual basis, with payment times falling by 38% and 30.3% respectively. However, the agriculture, forestry and public administration sectors all saw at least double digit increases in late payment times.

Key Highlights

“One of the things we observe globally is that the closer you are to the equator, the slower you pay your bills.  Whilst the gap is closing, we still see North Island pay slower than South Island, and we see Christchurch faster than Wellington and Wellington faster than Auckland.”
Simon Bligh, illion CEO