More firms head for court over bills_2
7 September 2012
Small businesses are increasingly likely to take legal action against firms that delay paying their bills, new research suggests.
In a study of 1,000 small and medium-sized enterprises, 43 per cent of owner-managers had taken legal action against a customer for non-payment of invoices.
More than a fifth of those surveyed said they frequently suffered from restricted cash flow caused by late payment.
Despite the introduction in 2000 of legislation to curb the practice, delayed...