Advanced search
Search Search
Advanced search
Hcuk Hcuk Mobile | Invoice Finance
Careers News & Media Contact Us
  • About Us
    • Our Leadership Team
    • Corporate Social Responsibility (1)
    • Corporate Governance
  • Retail Finance
    • Why should I choose Hitachi Capital?
    • Our specialist sectors
    • Our Products
    • Our solution
    • Case studies
    • PaybyFinance Magento plugin and user guides
    • PaybyFinance WooCommerce plugin
    • PaybyFinance Shopify plugin
  • Personal Finance
    • Personal loans
    • Car Loans
    • Home improvement loans
    • Leisure loans
    • Small loans
  • Business Finance
    • Asset Finance
    • Invoice Finance
    • Franchise Finance
    • Introducers
      • Vendors
      • Brokers
      • Block Discounting
    • Coronavirus Business Interruption Loan Scheme - CBILS
    • Business Finance FAQs
  • European Vendor Solutions
  • Vehicle Leasing & Motor Finance
    • https://www.hitachicapitalvehiclesolutions.co.uk/
  • Financial Performance
  • Careers
  • News & Media
  • Contact Us
  • Asset Finance
  • Invoice Finance
  • Franchise Finance
  • Introducers
  • CBILS
  • FAQs
  • Homepage
  • Business Finance
  • Invoice Finance
  • Invoice Finance Blog
  • Late payment hot spots
  • Back to Invoice Finance Blog

Late payment hot spots

Monday 29th Oct 2018

Late payment hot spots

There has been a lot of talk recently about late payments and the impact they have on SME businesses, so we thought we’d conduct a bit of research to look at how bad the situation actually is. What we also did was break this down by regions to try and understand if this was more of an issue in one area than the other. The results below make for some interesting reading –

 

 

As you can see the West Midlands is leading the way in relation to payments being settled after 60 days, and all regions are suffering from average debtor days over what many would consider the norm of 60 days. On average across all regions the latest payment day is 109 days. But what impact does this have on business?

With many SME’s living hand to mouth and relying on the swift payment of invoices to cover overheads, the continual delay in these payments can have a major knock on effect to both the survival of their business and also their growth plans.

Therefore, it comes as little surprise that the alternative lending market has seen an increase in the number of businesses turning to it, with The Asset Based Finance Association (ABFA) predicting asset-based lending to UK and Irish companies will reach £20 billion in 2015. We too have seen a 22% increase in year-on-year client growth as invoice finance remains a viable alternative for growing SME businesses.

So, whilst the government try and tackle these issues through their enterprise bills, businesses should be aware that help and support is out there for them through a wide range of innovative cash flow solutions now on the market. 

 

Click here for further information on Invoice Finance and to find out how we can help your business.

Labels: Industry News and Announcements

Related articles

  • Cashflow Calendar 2018
  • Smart Contract and Invoice Finance: The Blockchain
  • Blockchain and Invoice Finance: A Crypto Future?
  • Winners at Business Moneyfacts!

Categories

  • Case Studies
  • Industry News and Announcements
  • Broker Focused
  • Top Tips and Advice
  • Cashflow Advice

©Hitachi Capital (UK) PLC, 2021.  All rights reserved.

Terms of use Anti Slavery Statement 2020 Privacy Policy Financial Crime Basic Management Policy Sitemap Complaints Contact Us hitachi-capital.co.jp

Hitachi Capital (UK) PLC is authorised and regulated by the Financial Conduct Authority. Financial Services Register no. 704348.
The register can be accessed through http://www.fca.org.uk 


Registered Office: Hitachi Capital House, Thorpe Road, Staines-upon-Thames, Surrey, TW18 3HP. Registered in Cardiff under company no. 1630491