late payment

Western Europe’s overdue payments amount to 53% of total value of invoices

25th November 2021 Commercial Collections and Recoveries | #late payment

New research by credit insurer, Atradius has highlighted increasing insolvency risks in customer markets within Western Europe. The report has indicated that for Western Europe as a whole, overdue payments amounted to 53% of the total value of invoices, an increase on last year’s 47%. The percentage of write-offs increased from 7% to 10% of…

One in three businesses see late payment as biggest threat to survival

22nd November 2021 Commercial Collections and Recoveries | #late payment

Late payments are threatening the survival of British businesses, analysis by alternative finance provider, Time Finance has revealed. The research found that challenges with cashflow and unfulfilled growth ambitions were the greatest knock-on effects holding businesses back. For 70% of SMEs, late payments are a recurring issue leading to more severe consequences with over 40%…

Late payments by retailers at highest-recorded levels

15th November 2021 Commercial Collections and Recoveries | #late payment

Late payments by UK retailers are at the highest-recorded levels, according to research by Sidetrade. The analysis found that almost a quarter (23%) of UK retail company invoices were deemed overdue in October. The research revealed that the proportion of invoices left unpaid* by UK retail companies in October 2021 hit an all-time high since…

SMEs urged to talk about money

12th November 2021 Commercial Collections and Recoveries | #late payment

New research from GoCardless, has revealed a quarter (25%) of British small business owners feel uncomfortable talking to their customers and suppliers about money in a business context, rising to 32% for women. Almost four in ten (38%) SME decision-makers say they feel awkward chasing customers for late payments and one in ten (10%) believe…

One in five SMEs have late payment debt as high as £200k

8th November 2021 Commercial Collections and Recoveries | #late payment

New data from Time Finance has revealed that 70% of businesses are suffering from late payments from their customers. Uncovering the true severity of the issue, the leading alternative finance provider found that late payment debt was as high as £200,000 for one in five business owners. The findings come despite the government introducing a…

84% of small businesses suffer from late payments

13th October 2021 Commercial Collections and Recoveries | #late payment

Late payments are threatening the survival of small businesses across the UK, according to findings from new QR-code payment and invoicing app, Tomato pay. The research has found that 84% of small businesses suffer from late payments. One in eight (12%) wait more than 60 days on average for an invoice to be paid, while…

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