Tags Small and medium enterprises

Tag: small and medium enterprises

Late payment is the silent assassin of UK Businesses

According to research from Bacs, more than 50,000 British small firms are closing every year, being owed £14.2bn in unpaid debt. Getting clients to pay...

HMRC seized assets from nearly 2,000 SME’s

More than 1,953 businesses had their assets seized from HMRC in 2016/17 demonstrating that the HMRC are using more aggressive methods to obtain unpaid...

British SMEs ‘Owed £67 billion in Unpaid Invoices’

The small and medium sized enterprises (SMEs) across the UK are currently owed a combined total of £67 billion in relation to unpaid invoices. These figures...

Insolvency Rates Fall for SMEs

The number of SMEs to become insolvent fell in June compared with June 2011, while insolvencies among larger firms increased year on year.

Public Sector Late Payments Continue to Rise

New research has shown that late payment by major public sector contractors to small and medium-sized enterprises ...

SMEs Spending 130 Hours a Year Chasing Late Payers

A recent survey has revealed that SMEs are spending an average of 130 hours a year chasing late payments for unpaid invoices and overdue accounts.

SME’s Unaware of Business Partner Debts

Small businesses across the UK are being advised to check on the financial status of potential business partners before working ...

SME Debt Hits Record High With Large Businesses Blamed

New data released by Bacs Payment Schmes shows the level of outstanding debt owed to SMEs in the UK has reached a high of £35.5bn.