Update from Helen McCormick

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Update by Helen McCormick , Pro Credit Control Limited
Credit Control Consultant

2017/07/13

SME growth threatened as three in four are forced to write off unpaid debts. The average amount written off by UK SMEs in the last year is £11,708, representing just under £50 billion in written off debts, or £134 million every day. According to the study conducted among small businesses owners, medium-sized businesses with between 50 and 249 employees are the worst affected by delayed payments with a quarter of invoices remaining unpaid after their debtor day period or not at all. Firms of this size lose an average of £33,750 a year through unpaid debts. Procreditcontrol.co.uk can help.

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