The true cost of late payments, and how businesses can take control

Late payments are one of the biggest challenges facing businesses today, especially SMEs. When money doesn’t come in on time, it puts pressure on cashflow, stalls growth, and forces business owners to spend hours chasing debts instead of moving forward.

But with the right legal support, you can take back control.

The impact of unpaid invoices

The impact of unpaid invoices Late payments don’t just slow you down, they create a ripple effect across your entire business:

• Strained cashflow
• Delayed supplier payments
• Interrupted operations
• Increased administrative burden
• Pressure on staff and resources

Even one unpaid invoice can have a significant impact.

Why businesses delay payment

In our experience, the most common causes include:

• Poor internal processes
• Cashflow issues
• Disputes or misunderstandings
• Simply hoping you won’t chase

This is why early intervention is so important.

How legal support helps

A solicitor-led debt recovery service sends a clear, professional message and ensures all steps are handled correctly and efficiently.

At MBH Solicitors, we:

• Act quickly to prevent delays
• Tailor our approach to each business and situation
• Communicate clearly throughout
• Work firmly but professionally to protect business relationships

Our team is commercially focused, and we understand how damaging late payments can be and work to resolve matters with minimal disruption. You don’t have to accept late payments as “part of doing business”. With proactive legal support, you can protect your cashflow and keep your business on track.

Learn more about our debt recovery service here: Debt Recovery