Under new reforms, companies that have signed up to the Prompt Payment Code will be obliged to pay small businesses within 30 days - half the time outlined in the current code. more»
Only 4.7% of the businesses pay all their invoices within 30 days and it's ruining lives for freelancers and small business owners. The top 35 worst offending businesses for late payments in the UK include household names like E.ON and Thomas Cook. more»
Britain's late payment crisis is continuing to hamper cash flow, growth plans and even survival rates of the country's small firms. Government efforts to hold large firms accountable are yet to generate confidence among small business owners, and new data has provided yet more evidence of the task at hand. more»
Just two per cent of freelancers and micro business owners believe that the incoming late payment tsar will successfully fix the UK's late payment culture, according to a new poll. more»
In the third of our four-part mobile payment series, we look at cash flow an aspect of starting a business many owners find difficult to manage. more»
Last month's Budget had lots to offer micro firm owners, but MarketInvoice's Tom Davenport noticed one glaring omission. more»
Business Advice is proud to unveil our inaugural event Small Business School which will guide more than 200 delegates from some of Britain's most exciting micro businesses through invaluable advice sessions. more»
Taking a trip down memory lane to July 2015 leaves you wondering if the government's pledge to create a small business commissioner a position dedicated to how companies do business with each other will ever come true. more»
The UK's late payment problem is getting worse every year, according to new research from P2P business lender MarketInvoice and the majority of invoices are now settled late. more»
The volume of county court judgements (CCJs) used by small business owners to chase outstanding invoices increased by 23 per cent in the second half of 2015, according to new research by fintech startup Ormsby Street. more»
