The state of late payments

The culture of late payments has become so ingrained in the UK that spending time, money and resource chasing payments has, for many, become business as usual.

Take a look at the graphic below to see, in numbers, the state of late payments in the UK, how this compares to other European countries and if with new legislation, there is any sign of things improving.

Sources

Bacs, First Capital Cashflow, Market Invoice, Small Business, Experian, The Federation of Small Businesses, The Independent, GoCardless, Chartered Institute of Credit Managment, EOS Group, The Independent, Sage, Bacs