Tagged: late payments

Improvement in Jobs Growth Across UK Small Businesses Offset by Increasing Late Payments, Slowdown in Wages Growth: Report

August 1, 2023 @ 9:11 am By Omar Faridi |

An improvement in jobs and sales growth across UK small businesses in June “has been largely offset by increasing late payments and a slowdown in wages growth,” according to the latest data from global small business platform Xero. Xero’s Small Business Index, based “on anonymized… Read More

Read more in: Fintech, Global | Tagged data, europe, financial data, jobs, late payments, small business platform, small businesses, smbs, sme's, uk, united kingdom, xero

UK based Invoice Financing Platform MarketFinance Explains how SMEs May Address Late Payment Issues

July 30, 2021 @ 7:56 am By Omar Faridi |

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that during the month of July 2021, new changes to the Prompt Payment Code came into effect. Announced in January of this year, the changes have been designed “to strengthen the position… Read More

Read more in: Strategy, Global, Investment Platforms and Marketplaces | Tagged alternative financing, business loans, coronavirus, covid-19, europe, late payments, lending, loans, marketfinance, prompt pay, small businesses, smbs, sme's, tomato pay, uk, united kingdom