late payment issues

Can Invoice Financing Unlock Cashflow Hurdles to Growth?

Can Invoice Financing Unlock Cashflow Hurdles to Growth?

Despite an improving economic outlook and predictions that the UK’s growth forecast will continue its upward momentum, cash flow still remains a significant hurdle for many small and medium sized businesses. According to a recent survey 29% of companies say that late payments are causing major problems for their development. In a financial environment where lending to small companies by banks has plunged, despite government schemes designed to increase it, irregular and late payments can only heighten the difficulties that enterprises face as they look at growing their operations. In the worst case scenario, it can cause knock-on problems with paying suppliers, necessitating drawing on emergency reserves and overdrafts. Furthermore money tied up in unpaid invoices is money that can’t be in... »