Late payments cause UK SMEs to miss out on over £250 billion

Unpaid invoices and the costs associated with companies pursuing customers’ payments, as well as long payment terms, mean that SMEs in the UK are missing out on over £250 billion of liquid cash flow every year. Integral to the UK economy, SMEs account for 47 per cent of all private sector turnover. Delayed payments from customers

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Source: SmallBizUK

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