All posts from July 2014

SMEs owed 40 billion in late payments

Bacs Payment Schemes surveyed 350 firms and found that UK firms are owed £46.1 billion in total. A staggering figure of £39.4 billion is owed to small and medium sized businesses, with larger corporates only being owed £6.7 billion. 60% of SMEs are experiencing late payments, each waiting on average for £38,186 in late payments. […]