Print industry chokes as clients drag their heels with payments

The figure has blown out by 20 per cent from a year ago, according to national financing company Oxford Funding. The company provides services to a number of industries across Australia, yet has identified the printing sector as one of the most difficult to run a business, because clients are increasingly unwilling to pay on time.

Oxford Funding's Rob Lamers claims the printing industry is by far the toughest of all the sectors that the organisation works with. “It is clearly a result of the over-supply of printers chasing a finite amount of work, where clients are not only hanging out for the best price but also stretching payment times to the maximum,” he says.

“Clearly, the printing industry needs all the financial help it can get,” says Lamers.