Are you owed money? Are bad debts holding back your business?
Late payments are a blight on British industry, costing the UK’s small and medium-sized businesses over £2 billion last year. At any one time, late payers owe these businesses over £14 billion. *
*figures from the BACS Payment Scheme 2017
If your customers are paying you late, then you can’t pay your suppliers, which means you can’t buy essential supplies. This also means that you can’t invest in and grow your business. Late payers mean that, whichever way you look at it, you lose.