SMEs suffering from reduction in trade credit

HARD-pressed small and medium-sized enterprises (SMEs) are facing a significant reduction in trade credit according to a survey by information services company Experian.

It has found that available trade credit - where a business allows its customers to obtain goods and pay an agreed number of days later - has reduced by an estimated £4.7bn since 2009.

Given recent improvements in business insolvencies and payment performance among firms, Experian is encouraging companies to consider extending much needed trade c... For the full story register now for free or login below...