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Commercial Credit News
|Businesses reveal significant late payment wounds|
|Tuesday, 24 March 2015|
British businesses have revealed the far-reaching financial impact of late payment in new research conducted by commercial debt collection agency, Hilton-Baird Collection Services.
With almost a third of the time (31 per cent) British businesses spend on credit control being consumed chasing overdue debt, 30 per cent now classify more than 10 per cent of their debtor book as over 90 days old.
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