SMEs wait average of 71 days for invoice payment

Figures released by the Asset Based Finance Association (ABFA) have revealed that small businesses are forced to wait longer than large businesses to receive payment. Businesses with turnovers of less than £1m wait an average of 71 days for payment. That is 23 days more than businesses with turnovers of £500m and above, who wait

Government vows to ‘help firms to start-up and scale-up’

A new Bill to help small businesses is being introduced by the government. The Small Business, Enterprise and Employment Bill contains several measures designed to make it easier for small firms to thrive. They include: • Strengthening the rules on director disqualifications and measures to help creditors recoup losses resulting from director misconduct. • Assisting

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