SMEs ‘plagued’ by late payments

UK freelancers and small business owners continue to be plagued by the problem of late payment, according to new research by cloud accounting software company Freeagent.

Analysis of over two million invoices sent by FreeAgent customers between January 2019 and June 2020 has revealed the “startling impact” of late payment on the UK’s small business sector – with just half (54%) of invoices sent over the past 18 months paid on time.

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