Overdue payments boost for SMEs

SMEs are receiving overdue payments at the quickest rate for nearly five years, according to a study conducted by lobby group Isme.

However, the findings show that nearly 40% of small firms are still waiting for three months or more for due payment.

Isme’s latest quarterly SME Credit Watch Survey — published this morning — shows that small- and medium-sized firms were waiting, on average, 66 days to be paid by clients during the second quarter of the year.