Infographic showing the impact lat payments has on UK SMEs. https://www.smeinvoicefinance.co.uk/billions-owed-to-uk-smes-in-late-payments/

1. www.smeinvoicefinance.co.uk
2019
LATE PAYMENTS
THE REAL IMPACT ON SMES IN THE UK

2. £23.4
billion
IN LATE PAYMENTS
INCREASE SINCE 2018
£10.4 billion
££ ££
££
COLLECTING MONEY OWED
BUSINESSES SPEND
£4.4 billion a year
££
££

3. www.smeinvoicefinance.co.uk
PRIVATE SECTOR LATE PAYMENTS ARE OWED
TO SMES BY OTHER SMES
EIGHT OUT OF TEN
EVERY YEAR BECAUSE
OF LATE-PAYING CLIENTS
RIP
SMALL BUSINESS
50,000
SMALL BUSINESSES FAIL

4. www.smeinvoicefinance.co.uk
Wholesale trade
£42,989
Information, media
and telecoms
£28,682
Transport, postal
and warehouse
£31,555
Public administration
and safety
£31,541
1 2
3 4
5 6
7 8
9 10
Administration
and support
£40,662
Electricity, gas, water
and waste services
£31,309
Financial and
insurance services
£29,732
Construction
£25,880
Professional, scientific
and technical services
£23,554
Manufacturing
£29,123
£
TOP 10 SECTORS
MOST AFFECTED BY LATE PAYMENTS
Average figures per company

5. www.smeinvoicefinance.co.uk
Struggle to
pay business bills
13%
Struggle to
pay staff
12%
Rely on
Invoice Finance
10%
£
£
54%
OF BUSINESSES
EXPERIENCE OVERDUE
PAYMENTS
££
££
££
£23.4bn
OVERDUE
£23.4bn
OVERDUE
£23.4bnOVERDUE

6. Unlock the cash in your unpaid invoices
Apply at www.smeinvoicefinance.co.uk
Source: https://www.wearepay.uk/uk-smes-face-debt-burden-of-23-4-billion/
https://businessadvice.co.uk/tax-and-admin/invoicing/average-small-business-owed-late-payments/