MOST businesses would rather lose a customer than tolerate late payments, research has revealed.

A survey carried out by the Better Payment Practice Group (BPPG) found that more than two-thirds of the 1,200 respondents would not trade with a late payer again.

The findings are published on the BPPG's website, www.payontime.co.uk

RESEARCH carried out by the Better Payment Practice Group (BPPG) has revealed that businesses' tolerance of late paying customers is low, and that the majority would choose to terminate their relationship with tardy payers, rather than suffer future payment problems.