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Late payments burden on SMEs reaches £40bn     18 August 2014

Late payments burden on SMEs reaches £40bn

Small and medium-sized companies are owed nearly £40bn due to late payments that are potentially threatening their future, research has found.

The debt burden on SMEs has grown to £39.4bn, up from £30bn last year and higher than a previous peak of £37bn in 2012, according to data published by BACS Payment Schemes, the direct debit compa... Read more

Parliamentary inquiry finds UK SMEs owed £36bn in late payments     17 August 2014

SMEs are already under pressure to stay afloat while large corporations take their time in paying their smaller

Politicians are trying to force large corporations to publish how long they take to pay small firms after an inquiry found that British small-to-medium enterprises were owed more than £36bn in late payments last year.

According to the Debbie Abrahams MP, chair of the inquiry, the government has also released a series of recommendations ... Read more

Only two per cent of SME’s have funds available to invest in business     28 July 2014

Only two per cent of SME’s have funds available to invest in business

The number of small and medium-sized businesses with cash available to invest in future growth has drastically fallen since 2009 due to an increase in customer late payments, according to a new study.

The study by the UK’s largest independent invoice finance provider, Bibby Financial Services, surveys more than 450 SME’s on a quarte... Read more

16% of SMEs at risk of going out of business     15 March 2014

16% of SMEs at risk of going out of business

Sixteen per cent of British small and medium-sized businesses (SMEs) surveyed consider themselves at high risk of going out of business within the next year due to financial pressures.

This is according to the latest quarterly SME Risk Index from global insurer Zurich, and polled by YouGov, surveying over 500 senior SME decision ma... Read more
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