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Research reveals SMEs owed suppliers nearly £50bn in unpaid bills

Research released by accounting software Xero puts the average amount owed by SMEs to suppliers at £8,811. Combined with the 5.6m SMEs in the UK, it amounts to £49,341,600,000‬.

Research reveals SMEs owed suppliers nearly £50bn in unpaid bills
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The research also revealed a domino effect as the UK SMEs in turn, struggle to receive payments due.

Read more at Accountancy Age.  

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