Department for Business, Energy and Industrial Strategy: Billing
(asked on 13th July 2021) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what the average length of time is between his Department receiving and paying invoices; and what that length of time is for (a) SMEs and (b) large businesses.
The average number of working days to pay BEIS invoices each month in the year to date is given below.
Month | Average number of working days to pay |
January 2021 | 5.46 |
February 2021 | 3.97 |
March 2021 | 3.58 |
April 2021 | 4.26 |
May 2021 | 3.52 |
June 2021 | 4.75 |
Year to Date | 4.26 |
The Department does not identify the size of business in its invoice payment system, so we are unable to distinguish between SMEs and large businesses.