Late Payments Choke UK SMEs' Growth – Time to Turn the Tables

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💸 Late Payments Choke UK SMEs' Growth – Time to Turn the Tables 💸£112 billion.That’s the staggering total UK SMEs are owed in late payments, according to the latest CEBR research. The average overdue invoice? A suffocating £42,000.As Business Secretary Jonathan Reynolds said:

“This isn't just an inconvenience – it's holding back 5.5 million SMEs, the backbone of the UK economy.”

At The Credit Protection Association, we’ve been raising the alarm for years: Too many large businesses treat late payment as a free and easy way to boost their cash flow—at the direct expense of smaller suppliers.🛑 This must stop.We believe the only real solution is to flip the financial incentive:
Make late payment the most expensive option, not the cheapest.Here’s how:

• 💷 Increase statutory compensation for overdue invoices
• 📈 Simplify the enforcement of interest and charges
• 🚀 Remove the barriers to collection so SMEs can act quickly and decisively

If financial directors start feeling the cost of delay, they’ll turn to more traditional cash flow tools—not late payments at the expense of suppliers.
📣 Let's stop tolerating delayed payments as “business as usual.”It’s time for systemic reform that gives SMEs the power and protection they deserve.#LatePaymentCrisis #SupportSMEs #CashFlowMatters #CPA #GetPaidOnTime

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cpa.co.uk/late-payment-chokes-uk-smes-growth/ Need help now with late payments?CPA eases cash from tardy debtors - Efficiently, Effectively, Economically and Ethically. And we provide credit information so you can monitor and assess your key customers and be warned of any potential risks. CPA has been improving business cash flow for over 100 years, by tackling late payers and campaigning against the late payment culture in the UK.Unlike other credit management companies, we offer our members a fixed annual subscription regardless of how high the value of their debts maybe!Rather than to borrowing more money to improve your cashflow, we suggest you tackle the problem at its source. If late payments are a strain on your cashflow, then talk to CPA about how we can help you reduce those late payments.Just call Peter Uwins, CPA’s National Sales Manager, on 020 8846 0000 (business hours) or email This email address is being protected from spambots. You need JavaScript enabled to view it. today.When you see your money come in, you will be so glad you used CPA.The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections