SME Cashflow Difficulties

More than two thirds of smaller companies fail to take advantage of the risk management services used regularly by larger organisations, according to research

David Roughley, the FPB's chief executive, believes smaller businesses actively tackle cash-flow difficulties, but said that most do not have the budget to pay for an individual to chase payments.

"Lack of resources often prevents smaller companies from employing a credit management professional, meaning managers or owners are left chasing payments when they could be working more productively for their firm," he said. "As a consequence, they are also leaving themselves open to abuse from late payers, which affects cash flow and the health of the business."