As we come to the end of another busy month, UK SMEs are still working as hard as ever to drive business success. In the news this week SMEs are suffering from unpaid invoices, are calling for new negotiations to be made with the EU and have found that human error is still a leading cause for data loss.
- Research by the Asset Based Finance Association has found that British SMEs are owed £67.4 billion in unpaid invoices, with manufacturing and construction among sectors owed the most. Separate research has also revealed that construction businesses wait an average of 107 days for payment of invoices.
- A study conducted by Business for Britain has found that most UK SMEs are calling for the government to negotiate a new treaty with the EU. More than 40% of businesses have said the EU was hindering their business, with only a fifth believing it impacted their growth.
- Human error is still the leading cause of data loss for SMEs in the UK, research by Databarracks has found. Around 24% of organisations have admitted to a data loss caused by employee accidents in the last 12 months.
Let us know your thoughts on this week’s stories. Is your business suffering from unpaid invoices? How is the EU affecting your business? Have you experienced data loss because of employee error? Contact us by commenting below or tweeting @Fujitsu_UK or @FujitsuSMELady.