"Late payments can start small. One invoice misses its due date, and a polite reminder goes unanswered. Soon, cash flow tightens, and you focus more on chasing unpaid money instead of growing your business. In the UK, many business owners face delayed payments. A recent survey found that 90% of UK businesses have experienced this issue, with SMEs feeling the impact the most through disrupted cash flow and daily operations."
"When payments stop, it becomes hard to predict cash flow, supplier commitments feel uncertain, and there's pressure to make payroll. Addressing delays quickly and having clear communication with clients helps protect your cash flow, reputation, and long-term success. This guide will show you practical steps to handle delayed payments professionally. By addressing payment issues effectively, you can keep your business on track."
Late payments often begin with a single missed invoice and unpaid reminders, then escalate as cash flow tightens and focus shifts to chasing money. UK businesses, particularly SMEs, frequently face delayed payments that disrupt supplier orders, hiring plans, and budgets. Unpredictable income leads to reactive decision-making, lower morale, increased stress, and reduced operational efficiency. Common causes include unclear invoices, ambiguous payment terms, client cash-flow pressure, and internal approval delays. Early detection of patterns, clear invoicing processes, prompt follow-up, and open communication with clients protect cash flow, supplier relationships, payroll, and long-term business stability.
Read at London Business News | Londonlovesbusiness.com
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