Nearly a quarter of all small and medium sized businesses in the UK are facing a potential financial crisis due to late payment of invoices, according to newly-published research.
The average SME is owed £40,857 in unpaid invoices, a survey by Tungsten Corporation revealed, with £20,937 of that total overdue.
When applied across the UK’s 5.2 million SMEs, the total owed could be as much as £212 billion. Supply Chain Finance could reduce that amount
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