Over three-quarters of small firms are reluctant to chase payments through the courts despite knowing about their rights to do so and about rights to charge interest on late payments. That's according to research by Cattles Invoice Finance, which interviewed 300 small business owners. The research also revealed that one of the main reasons given by small firms for not charging interest or taking legal action was the potential damage it could cause to their relationship with clients.
www.ukba.co.uk
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