Perhaps even more alarming was the revelation that a majority (55%) of UK SMBs said that late payments had increased ... statutory interest of 13.25%. To calculate the interest, you would multiply ...

The UK’s late payment culture is a persistent issue, with SMEs collectively owing £23.4 billion in overdue invoices, according to the Federation of Small Businesses.

The Swedish bank and payments firm, which has been on a ... A number of the major BNPL players already charge late fees in the UK, with both Laybuy and Clearpay charging a £6 late fee to shoppers.

SKELMERSDALE, United Kingdom, March 11, 2025 (GLOBE NEWSWIRE) -- Late payments remain a major challenge for UK businesses, with billions of pounds tied up in overdue invoices. According to the ...

The UK government has launched tougher measures to tackle late payments to small businesses as part of its upcoming Prompt Payment & Cash Flow Review. The Prompt Payment & Cash Flow Review is a ...

Late payments cost general contractors and subcontractors across the U.S. approximately $208 billion last year — a 53% increase from 2021, according to a 2022 Rabbet report. Many of these costs ...