Small businesses 'held back' by £112bn of late payments

UK’s £112bn Late Payments Crisis Threatens SME Growth

The UK’s economic growth is intrinsically linked to the health of its small and medium-sized enterprises (SMEs), and the spectre of late payments is casting a long shadow over this vital sector. With SMEs owed a staggering £112bn in late payments, the issue is not merely an administrative nuisance but a significant economic impediment. These delays are choking the cash flows of nearly 5.5… Source

Small businesses 'held back' by £112bn of late payments

Small and medium-sized businesses (SMEs) are owed some £112bn in late payments, new research has suggested, with buyers “holding back” UK growth.  Nearly 5.5m companies with fewer than 250 employees and modest revenues are seen as the “backbone” of the UK economy and key to unlocking growth.  But new research by the Centre for Economics and Business Research (CEBR) has suggested that the UK’s smallest firms are owed an average of £42,000 in over…

Late payments hurt. Let’s Talk about fixing them

Late payments can quietly wreak havoc on small businesses, one in three Australian SMEs are left waiting over 60 days to get paid. It’s more than a cash flow issue. It slows growth, piles on stress, and puts your business at risk. But you’re not powerless. In this week’s Let’s Talk, we’re catching up with finance experts and business owners who’ve lived through the wait. They’re sharing real, practical strategies to help you get paid faster, fro…

The Real Cost Of Delayed Invoicing In Enterprise Sales Cycles

The real cost of delayed invoicing cuts deeper than late payments. It slows decision-making, weakens relationships, and creates tension across departments. Without prompt action, companies lose control of their growth. This guide explains why fixing delays in invoicing matters and how it helps teams work more cohesively, productively, and successfully. What Causes Invoicing Delays in Enterprise Sales? In large sales teams, […]

69% of self-employed individuals and 45% of micro-SMEs still issue invoices manually, and 9 out of 10 businesses are unaware of how the new legislation affects them.

Electronic invoicing can cause the entrepreneurs who need to set it up to panic slightly. Rest assured: the most likely errors are decrypted and, above all, what needs to be done to avoid them.