Small Firms Owed Pounds 850m ; in Association with Liverpool's Investment Specialists Rensburg Sheppards

Daily PostMarch 05, 2008

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Summary


SMALL and medium sized businesses in the North West will be owed pounds 850m on February 29 due to suppliers or customers failing to pay on time, according to research from Barclays Local Business.

The survey found small businesses in the North West will spend an hour and a half of the extra Leap Year day chasing up late payments - equating on a regional level to nearly 600,000 wasted working hours or 79,600 wasted working days.

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Small Firms Owed Pounds 850m ; in Association with Liverpool's Investment Specialists Rensburg Sheppards

More than half (54%) SMEs...

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