Small Business Late Payment a growing issue for 1 in 5 SMEs

New research from Premium Credit has shown that late payment issues are easing for SMEs but still remain a concern.
Its Insurance Index, which monitors insurance buying and how it is financed, found one in five (20%) of firms reporting a growing problem with late payment of bills with 5% warning the issue has become much worse.
That is substantially down on the 28% of firms saying late payment problems had worsened in the past 12 months which included 7% saying it had become much worse when the