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.

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 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.

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 ...