The State of Late Payments 2019

The effects on businesses and their owners

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One of the biggest challenges businesses face is cash flow, particularly with the UK’s culture for late payments. We collaborated with PayPal to see what damage this is doing to businesses, their owners and how to tackle this problem.

  

28-percent
of Britain’s small business owners say cash flow/management is a key challenge
45-percent
feel like they have failed with their business when they are cash flow negative
26-percent

of small businesses unable to pay suppliers on time – creating a vicious circle


If cash flow wasn’t an issue:

26-percent
Small business owners who say they would enjoy better physical health
21-percent
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Small business owners who would spend more time on their interests and hobbies
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21
The number of days sooner you could get paid by including a Paypal ‘Pay Now’ button when you send invoices with Xero.
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Read the full report

Just because late payments are currently commonplace doesn’t mean they’re acceptable.
Get more details on these facts – and solutions to managing late payments – with the complete in-depth research.

Download it now