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Invoice finance: the solution to the UK's late payment crisis
62% of UK small businesses deal with overdue invoices, and late payment features in one in five insolvencies. The scale of the problem, and the remedy.
Sam Skinner
Co-Founder & Director
• 4 min read
For many UK business owners, late payments have become more than an inconvenience. They are a constant source of cash flow pressure that threatens growth and stability.
The state of late payments in the UK
- 62% of UK small businesses regularly deal with overdue invoices
- Around 30% of invoices miss their agreed payment deadline
- Late payment is a factor in 1 in 5 business insolvencies each year
- The economy loses over £11 billion annually
- Roughly £20 billion is owed to UK businesses in outstanding invoices at any time
How invoice finance helps
It converts unpaid invoices into accessible working capital, which improves cash flow, removes a significant source of stress, creates room to grow, and gives back the time otherwise spent chasing payment.
Why work with a specialist broker
A specialist broker brings market knowledge and access across numerous providers, so the facility is built around your circumstances rather than whatever one lender happens to offer.
For an independent, no-obligation review of your options, call 0330 0438 011.
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