Results from the latest Zurich SME Risk Index shows more than half (52 per cent) of Britain’s small-and-medium sized enterprises are owed in total an estimated £44.6 billion in late payments. The survey of over 1000 SME owners and decision makers shows that more than one in five (21 per cent) are owed more than £25,000 and
The post SMEs owed more than £44.5 billion in late payments appeared first on Small Business.
Tag Archive for Late payments
Hot Business News Today
Why late payments are an epidemic for small businesses
by Owen Gough • • 0 Comments
In light of recent news that Britain’s third largest supermarket chain Asda is set to enact 90 day payment terms on its clothing suppliers, the ongoing issue of late payments has come to the forefront once more. It’s an eternally pressing concern for businesses everywhere – our research last year found that a fifth of
The post Why late payments are an epidemic for small businesses appeared first on Small Business.
Hot Business News Today
Coping with late payments as a small business
by Ben Lobel • • 0 Comments
Late payment is an issue that most businesses will occasionally struggle with, whether they’re a global powerhouse or a small local firm. If your customers have payment terms you need to manage cash flow carefully, and a late payment can throw things off — here are a few ways you can cope. Pre-emptively protect your
The post Coping with late payments as a small business appeared first on Small Business.
Hot Business News Today
Small suppliers waiting months for payment from big businesses
by Owen Gough • • 0 Comments
Supermarket giant Tesco is the worst for late payments amongst a list of the UK’s best-known retailers, taking an average of 105 days beyond terms to pay its suppliers, according to new research. Iceland and Debenhams were the next two retailers on the list, taking an average of 75 days and 73 days beyond terms respectively
The post Small suppliers waiting months for payment from big businesses appeared first on Small Business.