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Two million UK SME businesses fell victim to late payments last year according to research by NatWest

According to research by NatWest two million UK SME businesses fell victim to late payments last year.


SME’s account for nearly two thirds of UK employment forming the backbone of our economy and nearly half of these claim that the time associated with chasing payments is having a significant impact - 31% say they are spending between 21-30 hours per month chasing payments.


Using a robust and accurate credit data, company monitoring and risk solutions provider is imperative to ensure you are making informed credit decisions and avoiding the associated costs of chasing delinquent payers.


Credit Assist provides the highest credit data integrity in the market so contact us today on 01604 217333.