New research from Premium Credit shows that late payment issues remain a significant concern for UK SMEs. 20% of firms report a growing problem with late payments, and 5% indicate that the issue has become much worse. The study identified that one way SMEs manage cash flow is switching to monthly insurance payments instead of one-off payments. SMEs have also run down their savings, with 28% saying they have fallen since the start of the cost of living crisis. To read Premium Credit’s news release, go to https://www.premiumcredit.com/news-and-events/late-payment-issues-are-easing-for-smes.