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SME Data Hub

Each quarter 1,000 UK SME owners across a range of sectors, regions and sizes, are surveyed by specialist independent researcher, Kantar, on Close Brothers’ behalf.

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Late Payments

35

%

of firms are owed more than £40k in late payments

Summary

Published March 2021

Late payments have long been a big issue for UK businesses, with half of firms admitting to it being a problem. Our research tracks how much money is owed and whether late payments are seasonally linked

Questions

Are late payments a problem for your business?

yes 55%
no 45%
Don't know 0%
yes 66.1%
no 33.9%
Don't know 0%
yes 43.1%
no 56.9%
Don't know 0%
yes 42.9%
no 57.1%
Don't know 0%
yes 32%
no 68%
Don't know 0%
yes 47.7%
no 52.3%
Don't know 0%
yes 53.2%
no 46.8%
Don't know 0%
yes 40%
no 60%
Don't know 0%
yes 54.4%
no 45.6%
Don't know 0%
yes 59.4%
no 40.6%
Don't know 0%
yes 45.8%
no 54.2%
Don't know 0%
yes 30.2%
no 65.1%
Don't know 4.8%
yes 25%
no 63.8%
Don't know 11.3%
yes 42.4%
no 54.2%
Don't know 3.4%
yes 34.4%
no 52.5%
Don't know 13.1%
yes 40%
no 52.9%
Don't know 7.1%
yes 36%
no 62%
Don't know 2%

Are late payments seasonally-linked?

No 22.7%
Yes, worse in spring 27.3%
Yes, worse in summer 31.8%
Yes, worse in autumn 0%
Yes, worse in winter 18.2%
No 35.9%
Yes, worse in spring 30.8%
Yes, worse in summer 20.5%
Yes, worse in autumn 2.6%
Yes, worse in winter 10.3%
No 20%
Yes, worse in spring 24%
Yes, worse in summer 24%
Yes, worse in autumn 16%
Yes, worse in winter 16%
No 38.9%
Yes, worse in spring 0%
Yes, worse in summer 27.8%
Yes, worse in autumn 27.8%
Yes, worse in winter 5.6%
No 62.5%
Yes, worse in spring 0%
Yes, worse in summer 0%
Yes, worse in autumn 12.5%
Yes, worse in winter 25%
No 23.8%
Yes, worse in spring 38.1%
Yes, worse in summer 14.3%
Yes, worse in autumn 0%
Yes, worse in winter 23.8%
No 27.3%
Yes, worse in spring 27.3%
Yes, worse in summer 33.3%
Yes, worse in autumn 6.1%
Yes, worse in winter 6.1%
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