Average SME owed ?63,881 in late payments
New research has shed further light on the late payments issue having an adverse affect on British enterprise, with 11 per cent owed more than £100,000.
Tag: Late Payments
Slow payments culture directly affects access to funding, SMEs say
The effects of slow payments include damage to the supply chain, damage to business reputation and, in some cases, it can even affect credit ratings and therefore future access to funding.
Making payments neglected in summer as people jet off and leave firms in pain
As part of the business cycle, things traditionally slow down in August, as people take their vacations to match the school holidays. This means decisions are often delayed and deadlines missed none more so than making payments.
Late payments issue continues with just 51 per cent of invoices paid on time
While the late payments issue continues with just 51 per cent of invoices paid on time, a breakdown of areas shows that Manchester is the least affected.
Are we one step closer to tackling late payments?
By Staff writer
The Reporting on Payment Practices and Performance Regulations programme has come into force. This is a crucial step to help tackle the late payments issue that has been a consistent drain on smaller firms and suppliers.
Manchester United accounts for two thirds of Premier League unpaid invoices
Chelsea may have won the Premier League for 2017, but it’s Manchester United that comes out on top for its mass of unpaid invoices.
Tips on controlling cash flow and staying in business
By Staff writer
As anyone who has been in business will know, controlling cash flow is an essential part of staying afloat. Here are some tips to stay on track this year.
Vulnerable businesses exploited in UKs culture of late payments
Britain’s small and medium-sized enterprises (SMEs) are under attack, with the unexpected perpetrators being their own customers and the country’s culture of late payments.
The UK’s culture of late payments and how to avoid it
We hear from two experienced entrepreneurs about how late payments have been a big impact on their operations, but suggest some strategies to deal with it.
Chasing late payments in times of uncertainty
How ever you look at it, we find ourselves in a time of economic uncertainty. The post Brexit jitters are fully dancing around in the now seemingly soft underbelly of our economy, leaving business leaders unsure of what the future holds.