Podcast: Inside Accountancy Episode 2 - Late payments
In Episode 2 of Inside Accountancy, Accountancy Age reporter Chris Jewers discusses the issue of late payments with Dr Louise Beaumont.
In Episode 2 of Inside Accountancy, Accountancy Age reporter Chris Jewers discusses the issue of late payments with Dr Louise Beaumont.
In Episode 2 of Inside Accountancy, Accountancy Age reporter Chris Jewers discusses the issue of late payments with Dr Louise Beaumont.
In August, it was found that late payments are a greater challenge than they were a year ago for one in five businesses, according to a report from the BCM (Business confidence monitor). Six out of nine sectors (Property, Business Services, Manufacturing & Engineering, Construction, Retail & Wholesale, and Banking, Finance & Insurance) are experiencing this as a growing issue.
The problem is even larger for SMEs, with almost a quarter (24%) reporting this as a problem, and an estimated 50,000 businesses a year closing due to the issue.
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