• 20 Jul

    Small Businesses Paid Almost 50 Percent Slower

    A new piece of research by the ABFA shows that small businesses, with a turnover of less than £1 million per annum, are being paid almost 50% slower than bigger businesses. In an article: http://www.economicvoice.com/smallest-businesses-forced-to-wait-over-3-weeks-longer-for-payment-than-biggest-companies/ . . . their research was quoted as showing an average payment period of 71 days for businesses with a turnover of less than £1 million per annum against an average of 48 days for larger businesses. This demonstrates the need for invoice finance amongst businesses of all sizes, but in particular, those businesses with a turnover of less than £1 million per annum. Fortunately, this is freely available from a variety of different invoice finance companies.

    By Glenn Blackman

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