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Money owed to enterprises

ALMOST half of all SMEs have been left with money being owed to them as a result of trading partners or customers going bust.

New research published by CreditPal, a free online service for SMEs, reveals that over the last two years, 43 per cent of UK SMEs have been left with monies owed to them.

The research also reveals that over the last two years the average amount of money owed to an individual SME in the UK is £7,500.

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