SMEs owed average of €23,000

One in seven being forced to close as a result payment issues

3rd April, 2016

Irish SMEs are owed an average of €23,000 each, and many small businesses are coming under pressure as a result of late payments, according to a new survey.

The survey by the Interface Financial Group, which provides short-term working capital to businesses via invoice discounting, found that one in seven Irish businesses are being forced to close as a result of late payments or non-payments.

Late payment remains a major issue for Irish SMEs, according...

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