Bad Debt Reaches New Heights

April 2006

A study carried out by the Credit Management Research Centre (CMRC) shows that late payment is causing small firms in the UK to write off an average of £14,000 in bad debt every year. The study, which was carried out by Leeds University Business School, found that 24% of small and medium-sized firms think domestic bad debt is a serious problem for them, with a further 15% concerned about bad debt caused by export customers.

Internet link

The study's results are summarised at:
CMRC survey

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