TITLE

SMEs suffering from quick billing and slow payment, says research

AUTHOR(S)
Sheahan, Tim
PUB. DATE
August 2008
SOURCE
PrintWeek (Haymarket Business Publications Ltd);8/29/2008, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on a survey of small and medium-sized enterprises (SMEs) in Great Britain conducted by HSBC which revealed that many companies are overly reliant on savings and overdrafts to fund cashflow and major investments. The study showed that SMEs are under pressure from suppliers billing quicker, coupled with fewer customers paying within agreed payment terms. The findings reflected the situation of the print industry, according to Dean Seddon, a director at UCM Print.
ACCESSION #
34244118

 

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