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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 66%
no 34%
Don't know 0%
yes 42.9%
no 57.1%
Don't know 0%
yes 45.7%
no 54.3%
Don't know 0%
yes 45.8%
no 54.2%
Don't know 0%
yes 45.4%
no 54.6%
Don't know 0%
yes 66.7%
no 33.3%
Don't know 0%
yes 69.1%
no 30.9%
Don't know 0%
yes 55.8%
no 44.2%
Don't know 0%
yes 73.1%
no 26.9%
Don't know 0%
yes 53.4%
no 46.6%
Don't know 0%
yes 58%
no 42%
Don't know 0%
yes 40%
no 54.4%
Don't know 5.6%
yes 36.8%
no 61.4%
Don't know 1.8%
yes 40.6%
no 56.4%
Don't know 3%
yes 35.5%
no 61.3%
Don't know 3.2%
yes 32.7%
no 59.2%
Don't know 8.1%
yes 29.8%
no 61.9%
Don't know 8.3%

Are late payments seasonally-linked?

No 22.6%
Yes, worse in spring 30.6%
Yes, worse in summer 27.4%
Yes, worse in autumn 9.7%
Yes, worse in winter 9.7%
No 30%
Yes, worse in spring 36.7%
Yes, worse in summer 16.7%
Yes, worse in autumn 10%
Yes, worse in winter 6.7%
No 10.8%
Yes, worse in spring 45.9%
Yes, worse in summer 21.6%
Yes, worse in autumn 0%
Yes, worse in winter 21.6%
No 33.3%
Yes, worse in spring 18.2%
Yes, worse in summer 30.3%
Yes, worse in autumn 0%
Yes, worse in winter 18.2%
No 34.1%
Yes, worse in spring 15.9%
Yes, worse in summer 29.5%
Yes, worse in autumn 2.3%
Yes, worse in winter 18.2%
No 25%
Yes, worse in spring 33.8%
Yes, worse in summer 25%
Yes, worse in autumn 4.4%
Yes, worse in winter 11.8%
No 22.3%
Yes, worse in spring 43.6%
Yes, worse in summer 25.5%
Yes, worse in autumn 4.3%
Yes, worse in winter 4.3%
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