Several studies published in recent days highlight the extremity of the UK’s so-called ‘late payment crisis’, which appears to be pushing an increasing number of small British businesses to the brink.
Late payments crisis has worsened in past year, study suggests
One in ten small and medium-sized enterprises (SMEs) believe that their experiences with late payments have worsened over the past year, a new study reveals.
Consumer debt collection made tougher from October
From this October, increased regulation and higher compliance costs will make collecting consumer debt a more challenging task.
A quarter of small businesses “expect late payments”, study suggests
Almost a quarter (23 per cent) of small business owners say they don’t normally have their invoices settled on time, according to a new study looking into late payment culture.
Brexit uncertainty has had ‘minimal impact’ on lending activity in commercial property market
Britain’s vote to leave the European Union (EU) and ongoing Brexit uncertainties have had a ‘minimal impact’ on lending activity in the UK’s commercial property market, a new report suggests.