53.8%of UK small businesses were cash flow positive in May 2019
2.00p.p.Month on month
0.52p.p.Year on year
Percent of UK small businesses that are cash flow positive
Over the past year, on average 50.8 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.
39.4average number of days for a UK small business invoice to be paid in May 2019 (30-day term)
4.56%Month on month
0.90%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.
1.7%change in the number of UK small business employees from April 2019 to May 2019
0.25p.p.Year on year
Percentage change in the number of UK small business employees
June was 2018’s highest employment growth month at 2.10 per cent - coinciding with March being a relatively high-cash flow month - while the worst months for employment growth are October to December.
-19.8%change in the total sterling value of imports and exports for UK small businesses from April 2019 to May 2019
-19.94p.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%.
48.0%growth in UK subscribers on Xero in the year through 31 March 2019
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 31 March 2019.