Research conducted by Bacs, the organisation behind Direct Debit, shows that small to medium sized manufacturers are affected the most by late Direct Debit payments.
The problem is so acute that nearly a third of small to medium sized enterprises (SMEs) in the manufacturing industry employ a member of staff just to chase up late payments from customers. The total debt is estimated by Bacs to total £24bn, with manufacturing SMEs owed £8.9bn in overdue invoices. On average, manufacturing SMEs…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
