Counting the cost of debt

The true cost of bad debt is more than just the money owed

Following the pandemic, rising inflation rates and supply chain disruptions, businesses continue to face enormous cash flow pressures through no fault of their own.

Research into the effect of this on businesses shows that more than half (52%) of businesses currently hold bad debt, rising by £1.9 trillion in 2020 to £6.6 trillion.

Arguably, it has never been more important for companies to prevent rising costs and avoid unnecessary cashflow disruption particularly in the case...

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