![Bad Debts](/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBK0VNUGc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--52f4396def87a355f98f6dd7f5468b45df8ff052/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2QzNKbGMybDZaVWtpRGpFd01EQjROakF3UGdZN0JsUT0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--1533bc691ffb34aece046c58e82bcf9e58c865f8/bad%20debts.jpg)
More bad news for the UK's small businesses: 27% are struggling with bad debt, and it's getting worse.
The average bad debt among UK SMEs has increased by 61%, from £10,329 in spring 2022 to £16,641 today.
Insolvencies are also up 17% compared to this time last year: https://bit.ly/3zxAVUf
#Insolvency #Debt #SME