By Kyle O'Brien

The UK’s creative industries are being undermined by late payments. Findings from business finance company MarketInvoice have revealed that 48% of businesses in the creative industries were paid late in 2018.

Businesses that make up the creative industry are typically smaller companies – usually agencies and consultancies – that provide services to a range of sectors, from TV and film to design and publishing. These smaller firms are typically beholden to lengthy payment terms, meaning they must wait upwards of 90 days before their invoices are paid.

According to MarketInvoice, in 2018, a typical invoice worth £38,137 was settled 13 days Read full story ›

Source: The Drum