Regional Business Information for the North West
Small businesses scared to get tough on invoice payments
27th April 2009
By Joanne Birtwistle - Deputy Editor, North West
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...
I quite understand that a business may not want to alienate a good customer but how can you call a customer good if they do not pay? Also, customers have an interest in the survival of their suppliers. Assert your rights. Get paid and paid promptly. We can help. Christine Oxenburgh Gorvins.
Christine Oxenburgh