Only 40.4% of French companies met the legal inter-company payment deadlines in 2020, reveals a study by the business information provider Cribis D&B.
Respect of payment deadlines: French companies can do better
In terms of meeting payment deadlines, French companies are still lagging behind: only 40.4% of them were in the nails in 2020. And the health crisis does not help: the proportion of companies paying their bills. suppliers more than 90 days after the invoice was issued reached 4.5% in 2020, compared to 3.2% in 2019, a study by the economic information provider Cribis D&B shows us, including data for France and the Benelux were collected by the Altares firm.
As always in France, the larger a company, the less it meets payment deadlines. In 2020, only 13.6% of large French companies were in the nails, against 17.3% of large companies in Greece, 17.8% in Bulgaria, 46.6% in Hungary and 53.1% in Slovenia, for example. example. And in this area, even small French companies are not very disciplined, compared to their foreign counterparts. : only 34.6% paid their suppliers on time in 2020, compared to 46.2% in Spain, 46.5% in Slovenia and 64.5% in Hungary.
Failure to meet payment deadlines: late payments are the tree that hides the forest
In France, the proportion of companies that meet payment deadlines is 56% in the construction industry, 48.2% in the agriculture and fishing sector, 39.3% in commerce, 37% in financial services, 36.6% in services, 35.6% in manufacturing of manufactured goods and 34.5% in wholesale trade.
But late payments are only one facet of missed payment deadlines. In February 2021, in a joint report, the Business Mediator and the Banque de France denounced the rise of “non-cooperative” practices such as the issuance of order forms after completion of the service (31% of companies denounced the increase), excessive delays in the validation of the work carried out (increasing according to 42% of companies) and the unilateral modification of one of the elements of the contract (on the rise according to 28% of companies).