Small Business late payment costing SMEs £1.6Bn
UK debt collections
MARCH 7, 2024
The current trading conditions are being added to by the growing cost of small business late payment for SMEs. increase in 2022, showing how weak festive trading was. The latest quarterly data shows small firms were paid, on average, 6.1 days late during the last three months of 2023. billion in 2023. y/y compared to a 9.7%
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