Manchester small business

Late Payment Culture A “Chronic Disease” In Small Business Space

Late Payment Culture A “Chronic Disease” In Small Business Space

Just 51% of UK micro-business invoices were paid on time last year, according to FreeAgent. The survey of more than 600,000 invoices sent by over 6,600 micro-business customers revealed that businesses in Sheffield are the worst affected – with just 24% of all invoices settled within three days of being issued. In contrast, Manchester businesses have it the easiest when it comes to getting what they’re owed, as 75% of all bills are settled on time. City % of invoices paid on time Sheffield 24% Twickenham 27% Slough 29% Leeds 39% Stevenage 39%   City % of invoices paid on time Manchester 75% Aberdeen 61% York 61% Leicester 58% Norwich 58%   Last October, it was revealed that UK small businesses are going to receive a Tsar to help them tackle the issue of late payments in 2017. Ed ... »