Late payments still a problem for small firms, says FSB
Originally posted by 5corpio
Late payment remains a serious problem for small firms, the Federation of Small Businesses (FSB) has warned. In a survey of 1,772 members, it said 77% had been paid late in the past 12 months.

The FSB added that 56% said they had written off invoices worth between £1 and £9,999 because of non-payment.

"In the current economic climate, every penny counts and for small businesses a late invoice can mean not being able to pay their staff," the FSB said.

Of those small firms that had been paid late in the past year, the FSB said that 77% had been hit by....Read more on this story: BBC News - Late payments still a problem for small firms, says FSB