55.2%of UK small businesses were cash flow positive in October 2018
4.06p.p.Month on month
3.50p.p.Year on year
Percent of UK small businesses that are cash flow positive
Over the past year, on average 49.7 per cent of UK small businesses are cash flow positive in any given month, with incomings and outgoing highly variable at different times of the year.
39.8average number of days for a UK small business invoice to be paid in October 2018 (30-day term)
0.66%Month on month
0.25%Year on year
Average number of days for a UK small business invoice to be paid (30-day term)
The average delay for these payments over a year was 40 days, with the worst months for late payments typically falling in the first quarter of the year.
-0.4%change in the number of UK small business employees from September 2018 to October 2018
0.52p.p.Year on year
Percentage change in the number of UK small business employees
March was 2017’s highest employment growth month at 2.88 per cent - coinciding with March being a relatively high-cash flow month - while the worst months for employment growth are October to December.
8.0%change in the total sterling value of imports and exports for UK small businesses from September 2018 to October 2018
-0.85p.p.Year on year
Percentage movement in the total sterling value of imports vs. exports
Leading up to the Brexit referendum in June 2016, our data revealed decreases in import growth rates, with the year-on-year (YOY) growth rate in April 2016 hitting a high of 30.58%.
47.0%growth in UK subscribers on Xero in the year through 30 September 2018
A breakdown of the top 5 UK industries adopting Xero
Professional Scientific and Technical Services, and Construction industries adopted Xero more than any other sector in the year through 30 September 2018.