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£8.75 billion of invoices were paid late by large UK companies in just six months.

Let that sink in.

Over £5 billion of those invoices were undisputed.

29 companies now take 100 days or more on average to pay suppliers.

This is not a paperwork issue.
It is a structural payment culture issue.

For SMEs supplying on credit, late payment is not just frustrating — it is a solvency risk. The Small Business Commissioner estimates 14,000 firms close each year because of it.Profit does not pay wages.
Cash does.We’ve written a deeper analysis of what these figures mean for suppliers — and, more importantly, what businesses can do to protect themselves.Read the full article here:https://cpa.co.uk/late-payment-crisis-8-75-billion-unpaid-invoices/If you supply on credit, strong credit control is no longer optional. It is resilience.#LatePayment #SMEs #Cashflow #CreditControl #BusinessResilience #UKBusiness