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£67.4bn Owed To UK SMEs
If late paying customers are squeezing the life out of your business then you are not alone. A staggering £67.4bn is owed to UK businesses and the amount is increasing year on year. The figures published by the Asset Based Finance Association show that the average business is now waiting 72 days to get paid.…
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Is Business Lending Out Of Control?
Regulators are concerned that business are racking up unsustainable levels of debt leaving them vulnerable to external economic shocks and rising interest rates on loans. Not so long ago it was difficult to get any kind of business loan from the banks as the financial crisis put squeeze on lending. Now the opposite seems to…
