According to the Federation of Small Businesses (FSB), more than 440,000 small firms could be forced out of business by the late payment crisis.

An FSB study of more than 1,200 business owners found that close to one in three has seen late payment of invoices increase over the last three months, with a further 8% experiencing other forms of poor payment practice.

As a result, 8% of small businesses say late payments are now threatening the viability of their business. This equates to 440,000 of the estimated 5.5 million small businesses in the UK.

If you would like to discuss business payments, please contact us. You can call us on 0115 928 3228 or email info@coalesco.co.uk.