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  • SMEs owed more than £586bn in outstanding invoices

    UK SMEs are owed more than £586 billion in outstanding invoices according to recent figures from Lloyds Bank Commercial Banking. The average small business is owed more than £108,000 in unpaid invoices, an increase of 8% since January 2016, with almost a third of firms citing late payments as the biggest cause of cash flow problems. The Business in Britain report, which gathers the views of more than 1,500 UK companies, found that more than 1.5million SMEs ...

    Posted at October 31, 2016 | By : | Categories : News,Rural Business | Comments Off on SMEs owed more than £586bn in outstanding invoices