More bad news for the UK's small businesses: 27% are struggling with bad debt, and it's getting worse
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
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