Six in ten businesses say customers are taking longer to pay than a year ago

UK SMEs are facing growing cash flow pressure, with 40 per cent saying they have been forced to cut customer payment terms to protect their own finances, according to the latest SME Confidence Tracker by the UK’s largest independent invoice financier, Bibby Financial Services (BFS). With the Commercial Payments Bill yet to be passed, and … Continue reading Six in ten businesses say customers are taking longer to pay than a year ago