Tag: unpaid invoices
Banking Boss Admits £2 Million Invoice Fraud
A former Lloyds bank boss in charge of online security has admitted a £2.4 million fraud.
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 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.
Stricter Credit Control Key to Improving Cashflow
Businesses are being urged to impose stricter cash and credit control procedures as a means of preventing late payments by a leading UK bank.
