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Survey shows true cost of Businesses chasing late payments

UK debt collections

NOVEMBER 3, 2021

Manufacturers were also struggling to get invoices paid: 44% spent more than 50% of their time chasing unpaid invoices. It was also a similar scenario in Banking and Finance as 48% spent more than half of their time chasing late payments. The Healthcare sector was revealed as the sector that spent most time chasing debts.

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CICM

DECEMBER 1, 2022

Peter McIntyre, Head of Business Banking, HSBC UK commented: “At HSBC UK we understand the detrimental effect late payments can have on small businesses and their supply chains. As a bank that is passionate about supporting UK companies to grow, it’s crucial that our suppliers are paid promptly so they can invest back into their businesses.

Manufacturing

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Creditor Collections Today

Survey shows true cost of Businesses chasing late payments

PRESS RELEASE: Only 5% Of Companies Receive ‘Fast Payer Award’

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