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Charlie Mullins
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Jennie Johnson
Julie Meyer

Category: Graydon UKSyndicate content

The late payment of trade invoices is threatening the profits, growth and the survival prospects of small firms, a new report has suggested.

The Government needs to do more to tackle late payments, a new report has suggested.

Compulsory liquidations have continued to fall, despite the fact 66 per cent of firms have claimed they have been taking a tougher approach when dealing with debtors, according to a new survey.

The number of UK companies being granted business loans and mortgages has plunged by 46 per cent since 2007, according to commercial credit reference agency Graydon UK, which researched the number of successful company financing deals registered at Companies House over the last ten years.

Less than half of all UK credit managers (48 per cent) believe that the new EU Late Payments Directive, which is to be introduced by the beginning of 2013, will have an impact when tackling late payments, according to research conducted by Graydon UK the commercial credit reference agency.

The Graydon Insolvency Predictor, based on data from commercial credit reference agency Graydon UK, suggests that the official number of UK company failures will have fallen further during the third quarter of 2010 - down by 5.7 per cent in comparison to the second quarter of this year.

Almost a third of UK businesses, (31 per cent), have been targeted by fraudsters over the past eighteen months, reveals recent research carried out by Graydon UK, the commercial credit agency.

Almost a third of UK businesses, (31 per cent), have been targeted by fraudsters over the past 18 months, according to recent research carried out by Graydon UK, the commercial credit referencing agency.

The survey also found that 22 per cent of firms believe that the problem of commercial fraud is getting worse.

New research conducted by commercial credit reference agency Graydon UK reveals that four out of five credit managers believe that public sector spending cuts will spark a sharp increase in business insolvencies within the next 12 months.

The Liberal Democrats’ election pledge to re-establish the UK’s network of regional stock exchanges should be adopted by whichever party forms the next Government in order to provide an additional source of funding for businesses, says commercial credit referencing agency Graydon UK.

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