Findings from the SME Confidence Tracker report for Q2, undertaken by Bibby Financial Services before the EU referendum, show that 27 per cent of SMEs have written off money due to late payment in the past year. Across the business population, findings equate to more than 1.4 million SMEs suffering from bad debt over the past 12
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Small business owners preoccupied with chasing payments
by Ben Lobel • • 0 Comments
More than half (52 per cent) of UK business owners worry about unpaid invoices, with the worst-affected regions found to be London, where businesses spend 1.5 days per month chasing payments, followed by 1.3 days by businesses in Wales, according to a study by Xero. The business sector spending the most time chasing payments is HR
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