CALL US TODAY
Manchester 0161 980 0577
London 020 3301 4540
Menu

News

SMEs owed £33.6bn in late payments

Business Finance, financing, Manchester, Liverpool, Leeds, London.

BACS, the payment company states that UK SMEs are  were owed £3bn in late payments which is a record since records began and 10% up from last year. Invoice finance and in particular factoring maybe a valuable tool in helping combat late payers. Not only will a full factoring service provide  cash against up paid invoices but it will also provide a full credit control facility leaving you free to go and run your business.

Small firms are owed an average of £39k and have to wait two months to be paid. The worst payers are large firms responsible for 48% of all late payments and the best payers are the government and not for profit organisations. If you feel that late payers are restricting your business factoring could be the perfect solution

 

Tags: ,

© XL BUSINESS FINANCE LTD

Sovereign House,
Stockport Road,
Cheadle,
Cheshire SK8 2EA

How to make a complaint | Privacy Policy

Manchester
0161 980 0577

London
020 3301 4540

XL Business Finance Limited are authorised and regulated by the Financial Conduct Authority FRN 718737
×

Get A Quote

Get in touch by filling in the form below. One of our finance experts will get back to you as soon as possible.





    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.