{"id":3736,"date":"2020-09-28T10:28:42","date_gmt":"2020-09-28T10:28:42","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=3736"},"modified":"2020-09-28T10:28:44","modified_gmt":"2020-09-28T10:28:44","slug":"smes-are-still-chasing-unpaid-invoices","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/smes-are-still-chasing-unpaid-invoices\/","title":{"rendered":"SMEs are still chasing unpaid invoices"},"content":{"rendered":"<p>The disruption of business, due to the coronavirus pandemic, has meant many companies are still waiting on unpaid invoices from their debtors.<!--more--><\/p>\n<p>According to a Freedom of Information request to the Small Business Commissioner (SBC), submitted by the UK Domain, there were 429 complaints regarding unpaid or late invoices from December 2017 to 8 July 2020.<\/p>\n<p>This information was requested to find out the locations and business sectors that were affected the most by delayed payments or unpaid invoices in the private sector.<\/p>\n<p>Business Services, which is defined as any service that supports commercial activity, had the highest percentage of invoice claims, totalling 23 per cent.<\/p>\n<p>These can include advisory services such as Consultancy, Design, Health and Safety, HR advice, Marketing, Promotions, Recruitment and Reprographics.<\/p>\n<p>The SBC has begun separately monitoring complaints in the Consultancy, Marketing and Recruitment services in hopes of resolving the issue, due to a large number of cases in these sectors.<\/p>\n<p>Taking second place for their high percentage of invoice claims was the Construction and Engineering sector with 14 per cent, and taking third was Retail with 10 per cent.<\/p>\n<p>The SBC found that the lowest amount of invoice claims belonged to Consumer, Financials and Recruitment sector, with only one per cent.<\/p>\n<p>The percentage of invoice complaints submitted to the SBC per region are as follows:<\/p>\n<ul>\n<li>Greater London &#8211; 12 per cent<\/li>\n<li>North West &#8211; 9 per cent<\/li>\n<li>West Midlands &#8211; 9 per cent<\/li>\n<li>Northern Ireland &#8211; one per cent<\/li>\n<li>Yorkshire &#8211; one per cent<\/li>\n<li>Wales &#8211; One per cent<\/li>\n<li>North East &#8211; none<\/li>\n<\/ul>\n<p>\u201cIn a service-based economy, it is perhaps unsurprising that business services feature highly for the receipt of complaints\u201d, says a spokesperson for the SBC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The disruption of business, due to the coronavirus pandemic, has meant many companies are still waiting on unpaid invoices from their debtors.<\/p>\n","protected":false},"author":2,"featured_media":3738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,38,24,30,25,4,26],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3736"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3736"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3736\/revisions"}],"predecessor-version":[{"id":3737,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3736\/revisions\/3737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media\/3738"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}