Wednesday, October 8, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    How to Choose the Right Analytics Tools to Improve Your Payment Workflow

    How to Choose the Right Analytics Tools to Improve Your Payment Workflow

    Navigating the Magic of UI Animations: Unveiling the User Experience

    Navigating the Magic of UI Animations: Unveiling the User Experience

    Application Services

    Belitsoft Lists Top 5 Trends Shaping Managed Application Services in 2025

    How Technology Ensure Safe and Secure Online Gaming with Eat and Run Verification

    Smart Building Technology Integration: Future-Proofing Hospitality Through Intelligent Systems

    Laptop

    Laptop Running Slow? A Technician’s Guide to Performance Restoration

    Woman in a red dress wears a VR headset, standing in front of a vibrant digital backdrop with blue and pink glowing lines, creating a futuristic feel.

    The Future of Online Entertainment: What’s Next for a Digital Generation

    How businesses can balance AI innovation with online security

    How businesses can balance AI innovation with online security

    Modern office with two people working at desks, each focusing on computer screens displaying code. The room is dimly lit, creating a focused atmosphere.

    Top 10 Bespoke Software Development Companies in 2025

    Before the Alarm Sounds: The Life-Saving Power of Fire Preparedness

    Before the Alarm Sounds: The Life-Saving Power of Fire Preparedness

  • Consumer
    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

  • Finance
    Solana Crypto Casino: Why Speed Isn’t Just a Feature – It’s the Foundation

    Solana Crypto Casino: Why Speed Isn’t Just a Feature – It’s the Foundation

    How workplace pensions have changed in the UK

    How workplace pensions have changed in the UK

    Computer monitor, calculator, keyboard, mouse, smartphone, and wireless earbuds on a pink surface, creating a modern and tech-focused scene.

    Surprising Tools That Can Help You Manage Your Money

    Close-up of a smartphone screen showing stock data with a dark background. Companies listed include Boeing and Disney. Graph lines suggest market trends.

    Best Online Forex Brokers for High Leverage and Risk Management

    Person holding a smartphone displaying a stock market graph, with a laptop showing financial data in the background. The mood is analytical and focused.

    Top 5 Mutual Funds in the UAE (2025)

    Glass vase containing a money plant, symbolizing savings and financial growth.

    Building Generational Wealth: How Professionals Can Plan Beyond Their Lifetime

    Close-up of the word gambling

    UK gambling tax debate: simplification or squeeze?

    Net Worth of Pastor Chris Oyakhilome: 15 Key Contributors

    Net Worth of Pastor Chris Oyakhilome: 15 Key Contributors

    Visual guide on starting a business plan, highlighting key accounting and finance elements for new entrepreneurs.

    Finance vs accounting: Key differences and career paths

  • Environment
    Aerial view of London shows Thames River, bridge, and cityscape with modern and historic buildings

    Why Air Pollution Control Systems are Important

    Five Ocean Discoveries That Could Change How We See the World

    Five Ocean Discoveries That Could Change How We See the World

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

  • Property
    Orange and white Mediterranean buildings with blue railings under a clear sky in Limassol, Cyprus. The bright colors and sunny day evoke a cheerful, tranquil vibe.

    Modern vs Traditional: The Range of Houses for Sale in Limassol

    Real Estate in Dubai

    Real Estate in Dubai: Strategic Investment Insights for 2025

    Safe asbestos management for homeowners

    Safe asbestos management for homeowners

    Angular, metal sheet wall with diamond patterns behind a dark railing, conveying an industrial feel. The texture is reflective and geometric.

    7 Design Concepts That Use Decorative Metal Sheets

    Worker repairs a red-tiled roof, balancing on scaffolding. They wear protective gear under a clear blue sky, conveying focus and diligence.

    The Complete Guide to Roof Repairs: What Every UK Property Owner Needs to Know in 2025

    A Comprehensive Guide on an Inline Extractor Fan

    A Comprehensive Guide on an Inline Extractor Fan

    Red door labeled "Fire Exit Keep Clear," indicating it should remain unobstructed for safety.

    Fire door compliance: Essential considerations for contractors and housebuilders

    Furnished Apartments

    London Serviced Apartments: A Growing Trend Among Modern Travellers

    Close-up of Bungalow Houses

    The Key Reasons Park Bungalows Are A Smart Investment

  • eCommerce
    Winning PPC Strategies for E-Commerce Brands

    Winning PPC Strategies for E-Commerce Brands

    SEO Agencies

    How To Audit Your Ecommerce Site Structure SEO? A complete Step-by-step Guide for Beginners

    Ecommerce Platform

    What Makes a Global Ecommerce Platform User-Friendly

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

No Result
View All Result
Today News
Home Business

True effects of late payments on SME owners revealed by Small Business Survey

Danielle Trigg by Danielle Trigg
February 1, 2023
Reading Time: 4 mins read
True effects of late payments on SME owners revealed by Small Business Survey
453
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Two leading UK Debt Collection agencies conducted a survey that has revealed the true extent of the effects of late payment on the nations local Small Business owners. There has been a spike in late payments to Small Businesses across the UK as the economy continues to remain unstable in the post pandemic era.

The survey collaboratively done between leading Debt Collection Agencies Federal Management and Frontline Collections, has revealed that 79% of the Small Business owners surveyed said their mental health suffered as a result of Business late payment. The majority of smallest businesses (less than 5 employees) said they are constantly worrying about not being paid at all.

Related posts

Two individuals in suits stand in a high-rise office, gazing out at a cityscape through large windows. The scene conveys a professional, contemplative mood.

Why UK Business Leaders Are Rethinking Traditional Productivity Strategies

October 7, 2025
413
Where Is the Largest Theme Park in Europe Located?

Where Is the Largest Theme Park in Europe Located?

October 7, 2025
361

Small Local Business owners are being exposed to stress, financial worries, insomnia, depression and have even seen personal relationships affected by the problems late payment is causing them. 41% of SME owners said that late payment had caused them issues outside of work.

More worryingly, the Local Small Business owners survey showed that a shocking 48% of Small Business owners are not sure whether their businesses will still be trading this time next year. 

The survey also found that 66% of SME owners have already had to supplement their Small Businesses cash flow with the use of personal funds. This includes many that have had to re-mortgage their homes and cash in pension policies.

The true cost of Small Business late payment

The impact of Small Business late payment has never been more evident. Worsening morale amongst the UK’s SME community is leading to fear. Small Businesses are the engine room of the UK’s economy and the repercussions of Small Businesses closing is felt in local communities.

Despite the governments best efforts post covid, the spiralling numbers of businesses going bust continues. Economic uncertainly coupled with ever rising running costs is causing many Small Business owners to simply give up. 

Leading Insolvency firm Begbies Traynor has warned that the number of firms in significant distress is worsening. They advised that 610,405 businesses are now rated as being in financial distress across the UK.

They also warned that Small Businesses in the UK are particularly vulnerable as they lack the financial reserves that larger companies do. Winding up petitions have more than doubled whilst Business CCJ’s are up 52% in what is certainly viewed as a stormy outlook for the UK’s economy and the local Small Business communities.

Some SME owners feeling powerless to act 

Solving the short-term Small Business late payment crisis is essential. This is not just affecting B2B transaction, Small Businesses are owed money by private consumers for goods or services provided. 

Chasing unpaid invoices and overdue accounts is time consuming, stressful and largely ineffective in many instances. The feeling that nothing can be done only worsens their mental states. The Late Payment of Commercial Debts Act and various government initiatives have done little to stem the tide of Britain’s late payment culture.

Marc Curtis-Smith, Managing Director of B2B Debt Collection specialists Federal Management said “Every day we receive calls from beleaguered Small Business Owners at the end of their tether. People are deliberately not paying them and we totally understand their frustrations”

“The UK media tends to focus on those in debt and rarely spares a consideration for those on the other end of the spectrum; the people who are actually owed money and suffering the ramifications of such. It is entirely unjust and unfair. This is why we are so passionate about helping Small Businesses by way of recovering debts where possible and as quickly as possible”

Damage caused by local Small Business late payments

 Previous surveys have also highlighted the unseen damage caused by late payments. A majority of small Business owners have advised that unpaid invoices have had a detrimental affect on their personal life as well as their work. The stress of small business late payments weighs heavily on their minds.

Small Business insolvencies have continued to increase and unless the tide is stemmed, the problem will not end anytime soon.

Notable Small Business Debt Collection solutions

For nearly 20 years, the Award-winning Federal Management have been a leading UK Small Business Debt Collection specialist. They tend to operate in the B2B sector, offering a free appraisal on all debt collection issues and delivering excellent results on a fixed fee basis. Offering local, nationwide and international solutions.

For Personal Debt Collection services, Frontline Collections are an accredited and FCA regulated Personal Debt Collection specialist acting on behalf of Small Businesses such as dentists, vets and private medical companies in recovering unpaid fees from individuals. 

Danielle Trigg

Tags: Federal ManagementFrontline CollectionsSME
Previous Post

The Zimbabwean “G 40” and the inner workings of their False Flag Operation

Next Post

10 Need to Knows Before you Visit Italy

Related Posts

Two individuals in suits stand in a high-rise office, gazing out at a cityscape through large windows. The scene conveys a professional, contemplative mood.
Business

Why UK Business Leaders Are Rethinking Traditional Productivity Strategies

October 7, 2025
413
Where Is the Largest Theme Park in Europe Located?
Business

Where Is the Largest Theme Park in Europe Located?

October 7, 2025
361
Shoulder Injury
Business

From Slips To Strains: How To Claim If You’ve Suffered A Shoulder Injury

October 7, 2025
346
Equity Release
Business

Best Equity Release Providers and Lifetime Mortgages: Easy Guide for 2025

October 7, 2025
455
Banana Image
Business

Unlock Pro-Level Slides: A Guide to AiPPT’s Nano Banana Image Tool

October 7, 2025
353
Air Conditioner
Business

Creating a Cool Oasis: Why Every Home Needs Expert Air Conditioner Installation

October 7, 2025
392
Next Post
10 Need to Knows Before you Visit Italy

10 Need to Knows Before you Visit Italy

RECOMMENDED NEWS

A Comprehensive Guide to Exante’s Demo Account

A Comprehensive Guide to Exante’s Demo Account

2 years ago
452
Top Tips for Betting on Azerbaijani Sports Teams Using 1Win

Top Tips for Betting on Azerbaijani Sports Teams Using 1Win

1 year ago
536
The Top 5 Traits of Highly Successful Headhunters

The Top 5 Traits of Highly Successful Headhunters

3 years ago
572
Between Fire and Ice: How Iceland is Reinventing Everyday Life

Between Fire and Ice: How Iceland is Reinventing Everyday Life

3 months ago
365

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

AI banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce ETA-IL Scheme finance fitness Forex health HGV Driver Careers inflation insurance kitchen Kitchen Remodelling KYND lifestyle manchester music News overseas Personal Injury Pharmaceutical Industry Powerful Manufacturing Product Development Professional Drivers property Real Estate recruitment Skincare sports technology tourism travel UGC Creator UK vehicles yorkshire YouTube to MP3 Converter

Latest news

Three overlapping UK £5 notes on a black background, each featuring a portrait of a woman, intricate designs, and blue-toned colors, conveying currency theme.

The Hidden Risks of Sending Money Abroad the “Old-Fashioned” Way

October 7, 2025
Black and white image of a rock band performing on stage. The lead singer passionately sings at the center, surrounded by dramatic smoke and dynamic lighting.

Manchester’s Best Musical Exports of All Time

October 7, 2025
Arsenal in Good Shape To End Premier League Title Wait

Arsenal in Good Shape To End Premier League Title Wait

October 7, 2025
Two individuals in suits stand in a high-rise office, gazing out at a cityscape through large windows. The scene conveys a professional, contemplative mood.

Why UK Business Leaders Are Rethinking Traditional Productivity Strategies

October 7, 2025
Large, vibrant soccer stadium filled with cheering fans. The green field is divided into sections, and players are mid-action. A sense of excitement fills the air.

Manchester’s Greatest Ever Sports Stars

October 7, 2025
Orange and white Mediterranean buildings with blue railings under a clear sky in Limassol, Cyprus. The bright colors and sunny day evoke a cheerful, tranquil vibe.

Modern vs Traditional: The Range of Houses for Sale in Limassol

October 7, 2025
How AI Could Change Slot Machines in Casinos

Casino Games and Artificial Intelligence: Can AI Predict Slot Machine Outcomes?

October 7, 2025
Where Is the Largest Theme Park in Europe Located?

Where Is the Largest Theme Park in Europe Located?

October 7, 2025
Shoulder Injury

From Slips To Strains: How To Claim If You’ve Suffered A Shoulder Injury

October 7, 2025
Real Estate in Dubai

Real Estate in Dubai: Strategic Investment Insights for 2025

October 7, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

Three overlapping UK £5 notes on a black background, each featuring a portrait of a woman, intricate designs, and blue-toned colors, conveying currency theme.

The Hidden Risks of Sending Money Abroad the “Old-Fashioned” Way

October 7, 2025
Black and white image of a rock band performing on stage. The lead singer passionately sings at the center, surrounded by dramatic smoke and dynamic lighting.

Manchester’s Best Musical Exports of All Time

October 7, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact