Taking cash to the bank

Posted on 07 Sep 2016
Share Blog Post

 UK SMEs wasting time taking cash to bank

SMEs spend 26 hours a year travelling to make cash deposits, according to Barclays Business research, which claims the wasted time has led to the loss of 93m hours across all UK small businesses. Some 27% of SME owners regularly put off taking their earnings to banks and 7% admit keeping their cash in a safe rather than depositing it. On average, the research added, SMEs delay making payments into local branches by two weeks, stifling their cash flow as a result.

Source: City AM (27/09/2016)

View more blog posts

Finance difficulties for SME's
Posted on 08 Dec 2023
Finance difficulties for SME's
read more
Landlords looking to sell
Posted on 07 Dec 2023
Landlords looking to sell
read more
New self-assessment trap
Posted on 06 Dec 2023
New self-assessment trap
read more
UK SMEs consider spread of bank deposits
Posted on 04 Dec 2023
UK SMEs consider spread of bank deposits
read more
Back To Top
01604 660661