Late Payment Epidemic Set to Cripple Exports for British SMEs_3

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Late Payment Epidemic Set to Cripple Exports for
British SMEs

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ABOUT
Unpaid and overdue invoices to SMEs in the UK
account for 250bn. Small and medium-sized UK
businesses have been severely impacted by chronic
reductions to their working capital, over the
past few years, found from a study of more than
1,000 SMEs. For most of these SMEs, uncertainty
about when they'll be paid is too common. Over a
third of SMEs in the UK-that is 38- confess to
having no set payment terms with customers and
almost a quarter- 23- complain that they receive
late payments for their invoices. Of those
receiving late payments, over 55 are waiting
nearly 10 days beyond their agreement terms.

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Contact
Nucleus Commercial Finance Ltd.2 Gees
CourtLondonW1U 1JA 44 (0)207 839
1980 contact_at_nucleus-cf.co.uk

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TO KNOW MORE INFORMATIONVISIT our Site
www.nucleuscommercialfinance.com

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