12 August 2021: Late payment times for New Zealand businesses are holding steady as the economy stubbornly resists falling into recession.

illion’s Trade Late Payments report for the June 2021 quarter shows that the COVID-19 pandemic caused late payment times in New Zealand to deteriorate steadily between April and October last year, but further economic downturn…

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.
“One of…

New Zealanders better at paying their bills than Australians
New Zealand businesses are paying overdue bills more quickly than a year ago, but larger firms continue to be the worst for settling their debts, according to illion’s Trade Late Payments Report for the 2019 March quarter. Payment times for New Zealand businesses have improved by six…

Late payment times fastest on record
New Zealand businesses are paying overdue bills in the fastest time on record, according to illion’s Late Payments analysis for the September quarter 2018. At 5.2 days, the average late payment time for a New Zealand business has decreased 11.7 per cent year-on-year.
“There was a broad increase in prompt payments…

Late Payments up 10% in FY2018
New Zealand business paid overdue bills later in FY2018, with illion’s Late Payments analysis showing a 10 per cent annual increase to 6.8 days at the end of June 2018. Despite the rise, New Zealand’s figure remains well below the Australian average of 11 days. The current difference between the…

Cracks appearing in New Zealand economy
Late payment times for New Zealand businesses have increased sharply, according to illion’s latest analysis. The average time taken to settle an overdue invoice was 6.8 days at the end of the March quarter 2018. The 22 per cent year-on-year spike leaves late payments at their highest level since the…