Research from Barclays has found that 58% of SMEs are currently experiencing cashflow issues because of unpaid invoices. That’s three in five businesses! With the ongoing challenge of increased utility costs and the general cost of living, late paying clients only adds to the stress of managing your cashflow. The odd invoice going overdue can be managed, but regular and multiple payments being missed can have a detrimental impact...
Difficult trading conditions can occur at any time. What the UK is facing right now, off the back of a pandemic, is several worst-case scenarios happening at the same time. So, it’s understandable that business owners want to be cut a bit of slack. What’s happening? As we write this blog, UK inflation has risen to 9.4%. Costs for products and services are rising at their fastest rate for 40 years and in some industries, the...
