European Payment Report 2023

The European Payment Report (EPR) highlights the impact late payments has on the development and growth among European businesses. The insights are based on a survey of 10,556 companies across 29 European countries, conducted between November 2022 and March 2023. You can download the full European report from intrum.com/epr2023

Download the UK report

Inflation and interest rates are creating challenges

Across Europe, growth is slowing down while supply-chain disruption and soaring energy costs drive inflation at a rate not seen for decades. Almost 6 in 10 companies are worried that the risk of late payments will grow this year, largely because of inflation, increased regulation, and rising interest rates.

Strengthening cash flow and managing credit risk top the agenda

Liquidity, cash flow and credit risk management are the main strategic priorities for UK businesses as they seek to secure their financial positions.

Late payments increasingly seen as a significant barrier to growth

Late payments are hindering the growth of UK companies, hampering the economic and social development of the economy. More than 8 in 10 UK businesses have been asked to accept longer payment terms than they feel comfortable with over the last 12 months.

EPR 2023

UK Report

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UK firms lose 71 days a year chasing late payments – at a cost of £27bn

UK businesses are spending over 71 days per year – more than a quarter of the working year – chasing late payments, according to the annual European Payment Report from credit management services provider Intrum.

Stagflation fears: UK businesses brace for jump in late payments during second half of 2022

Intrum’s annual European Payment Report (EPR)*, a survey of 11,000 companies across 29 European countries, shows that businesses are expecting late payments to grow significantly in the coming months, following the rising inflation and interest rates. UK businesses are even less likely than their European peers to make growth a priority.