Around three quarters of small to medium sized businesses are worried about cashflow as a direct result of overdue invoices from customers, a study has found.
All the SMEs who took part in a survey for Bath-based alternative finance specialist Time Finance, claimed more of their customers had been late with payments, due to increased overheads across the board.
Around a fifth of respondents said relationships with customers had been damaged by chasing up of money owed, while 8% said the lack of essential working capital meant they were unable to afford key investments.
