THREE in five businesses are struggling to maintain cash flow levels because of delays to bill payments, but small businesses are too scared to take legal action, according to new research.

Around 35% of businesses estimate that late payments cost them more than £10,000 a year, both in bank charges and the administrative costs of chasing payments, research by Tenon Recovery has found.

The poll of more than 1,200 entrepreneurs also found that large UK companies were the worst offenders when it came to late ......for the full story register now for free or login below...