Almost one 40% of invoices issued in the UK is overdue for payment, according to data from AI specialist Sidetrade.
The company has tracked B2B invoices since January 2020 across France, UK, Spain, Italy, Belgium and the Netherlands. In the UK, on average, 30.4% of invoices were more than 10 days overdue before the WHO declared a pandemic, compared to 38.3% today. That UK figure is the highest for the six countries analysed in the study. The country with the best record is The Netherlands, with 18.27% overdue.