1 in 3 businesses see late payment as one of their biggest threats to survival

Late payments are threatening the survival of British businesses, in-depth analysis by leading alternative finance provider, Time Finance, reveals. Uncovering the true impact of late payments, Time Finance found that challenges with cashflow and unfulfilled growth ambitions were the greatest knock-on effects holding businesses back.

For 70% of SMEs, late payments are a recurring issue leading to more severe consequences with over 40% worrying about their own cashflow as a result. Recent figures from the Federation of Small Businesses estimate that 50,000 businesses close each year due to late payments.

Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans.

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