Slow payments are a major problem in business generally but they disproportionately affect SMEs, who often lack the financial resources to cover the period spent waiting for invoices to be paid. This results in a range of serious issues; from late payment of staff to having to rely on overdrafts, and, in some cases, even
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SMEs suffering because of culture of slow payments in UK
by Owen Gough • • 0 Comments
Two thirds of UK SMEs are of the opinion that there is a culture of slow payments in the UK, with the problem particularly acute in London (73 per cent), the South West (72 per cent) and Northern Ireland (87 per cent). The results were obtained from the Close Brothers Business Barometer, a quarterly survey
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