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.

The research also revealed a domino effect as the UK SMEs in turn, struggle to receive payments due.

Read more at Accountancy Age.