Update from Helen McCormick

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Update by Helen McCormick , Pro Credit Control Limited
Credit Control Consultant

2017/06/23

What’s the top concern for owners of small to medium-sized enterprises (SMEs) in the UK? You might expect that the answer would be Brexit? It's not late payments are an increasing problem for SMEs in the UK. 11 per cent of UK SMEs report having customers who often pay their invoices late, but in 2016 that figure rose to 20 per cent. Because these companies rely so heavily on cash flow from operations, chronic late payments affect their ability to effectively operate and grow. SMEs are strapped for cash – 54 per cent say experiencing cash flow problems is their biggest obstacle to business growth. If this is your company Procreditcontrol.co.uk can help you today.

Send Email to Helen McCormick