Mallorca: 85% of big firms miss payment deadlines

Mallorca’s small firms risk a cash squeeze: 85% of big companies miss legal payment deadlines, according to the island’s small-business federation. On Monday, 9 November 2026, the Mallorca Small and Medium-Sized Business Federation (Pimem) asked the Balearic Socialist Party (PSIB) to back penalties for late-paying big companies and public authorities. The meeting was part of Pimem’s talks with parties standing in the 29 November election.

Small suppliers wait for payment

Pimem says big companies take 67 days on average to pay, while public authorities take 70 days. Its president, Jordi Mora, warns that a small firm can deliver goods or services and then wait months for the money. That can make it harder to pay staff, suppliers and taxes.

The federation says some big companies impose lengthy payment terms on smaller suppliers. Mora wants parties in Madrid to ensure firms are paid within a reasonable time, rather than leaving them to finance their larger customers.

A call for fairer island conditions

Pimem also wants to keep and update the Régimen Especial de Balears (REB), the Balearic Islands’ special economic regime. It says the rules must reflect the costs and constraints of island life so local businesses can compete more fairly with those on the mainland.

The federation also wants to secure transport for people and goods between the islands, the mainland and abroad. It says protecting water, land and the environment, including waste management, matters to the islands’ economic future.

Topics: Economy

Source: Europa Press / Mallorca.com