More than half (56 per cent) of UK small and medium-sized enterprise owners have been forced to use personal or ‘emergency funds’ to plug gaps in their cash flow caused by unpaid invoices.
The UK is suffering from a so-called ‘late payments crisis’, with recent research suggesting that, on average, only 52 per cent of invoices issued by small businesses and freelancers are paid on time.
Just half of the invoices sent during 2017 by micro-firms were paid on time or within three days of payment deadlines, new research has revealed.
New research into the UK’s so-called late payments crisis reveals that just over half (52 per cent) of invoices issued by small businesses and freelancers are paid on time.
A number of pension and finance companies have been wound up after they were found to have “abused” millions of pounds of people’s savings.