Small businesses ‘expect late payment problems to get worse’
Submitted by AlisonHoy on
Nearly a third of small businesses expect the problem of late payment and cash flow to get worse, according to a survey conducted by Lloyds Bank.
The survey reveals that late payment of invoices remains the main cause of cash flow problems facing UK firms. One in five businesses admit it’s causing them difficulties, and nearly one in three expect that more customers will request deferred payment terms over the next six months.