It took an average of 42.2 days for invoices to get paid in the construction industry in the year 2017/18, up from 41.6 days in 2016/17 and 40.3 days five years ago.
The numbers come from an analysis by business finance website Funding Options
It said that payment delays were contributing to a high level of insolvencies in the construction sector. In 2016/17 there were 2,633 construction businesses that went insolvent, rising 8% from 2,447 in 2015/16.
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