The average amount of overdue invoices owed to SMEs is now £66,770, a 10% year-on-year increase. A third of SMEs have also written off an average of almost £30,000 in the past 12 months due to customer insolvency or payment default, according to the research by Bibby Financial Services. Amid tough trading conditions, the study found … Continue reading SMEs owed an average £66,770 in unpaid invoices as firms delay payments to preserve cashflow