Covid pandemic leads to deterioration of UK payment practices

Industry News | 27/11/20

Late payments have escalated since the onset of the coronavirus pandemic, reveals the latest UK Payment Practices Barometer by leading trade credit insurer Atradius.

The new Atradius report reveals that nearly half the value of B2B bills are being paid late, while half of the businesses surveyed have been hit by revenue loss and for every £100 of products or services sold, £8 is written off as uncollectable.

Source: Response Source