As research continues to highlight the extent of the late payment problem in Britain’s supply chains, these six strategies can go some way to help small suppliers get paid on time. more»
The ability to guarantee a date when payment is received by a customer would be the most effective solution to cash flow worries for owners of small UK companies, according to new survey findings. more»
Over two years since the position was first tabled, the government has appointed its first small business commissioner with a pledge to drive a culture change within Britain's supply chains. more»
The UK’s late payment crisis is rooted in large organisations taking advantage of small business owners dependent on revenue from their client, new survey findings have confirmed. more»
Almost one in four small business owners has been handed uncontracted payment terms by a large client, as new research highlights unethical practices at the top of Britain’s supply chains. more»
Government efforts to tackle late payments through supply chain accountability could be exploited by large firms, as new research reveals a significant lack of awareness within the small business community of new “duty to report” obligations. more»
Two-thirds of small business owners would hire up to five new members of staff if all invoices were immediately paid – bringing a potential 3.4m jobs to the economy. more»
Following in the footsteps of gender pay gap reporting, the Reporting on Payment Practices and Performance Regulations 2017 are designed to tackle the issue of late payments by making the performance of large businesses a matter of public record. 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»
The government has announced a crackdown on large companies that fail to adequately disclose their payment performance. Find out how to effectively tackle supply chain bullies. more»
