January 14th, 2020.
Small business are currently chasing more than £50bn of late payments, according to research.Digital banking platform Tide revealed that the average UK SME is chasing five outstanding invoices at any one time, using up an astonishing 1.5 hours a day, with an average of £8,500 being owed.
If you are self-employed and working alone, you have an average of four outstanding invoices at any one time, amounting to almost £1,000.
And businesses with anything between 10 and 50 employees have an average of eight invoices outstanding, racking up £13,000 being owed on average.
For the full story at smallbusiness.co.uk CLICK HERE.