Tag

Late Payment

Articles, news and advice on the widespread issue of late payments for UK small businesses. Topics covered include government regulation, debt collection strategies, setting legal deadlines for payment, imposing penalties for delays, and establishing mechanisms for dispute resolution or renegotiation of payment terms.

Accounting

SMEs suffering because of culture of slow payments in UK

An ingrained culture of slow payments and cashflow issues is causing major problems for small businesses.

News

Late payments not just a smaller business issue

Late payments is a chronic issue for business of all shapes and sizes, and research from Ultimate Finance reveals new insight about the impact it’s having on SMEs.

News

Late payments cause UK SMEs to miss out on over £250 billion

Report from Siemens Financial Services shows that late payments cause UK SMEs to miss out on over £250 billion of liquid cash flow.

News

Late payments costing UK SMEs more than £2 billion a year

Latest figures show that SMEs are now owed £14.2 billion – down from £30.2 billion five years ago, adding up to £2.16 billion a year.

News

Late payment epidemic set to cripple exports for British SMEs

New research reveals more than one in three UK SMEs receive no payment terms from their customers.

Accounting

Tackling slow payers, today and tomorrow

Ed Adshead-Grant, general manager of payments at Bottomline Technologies, discusses the best ways of taking on slow payers.

Accounting

How your small business can prepare early for late payment

Here Simon Willmett, finance director at Nucleus Commercial Finance, explains how small businesses can mitigate the impact of late payments.

Accounting

Late payments crisis will not be solved by new payment practice laws

The late payment crisis will not be solved by new payment practice laws, say four in five SMEs, and could deepen thanks to unintended consequences.

Legal advice

Time to face the music: the duty to report ushers in a new era for late payments

Dafydd Llewellyn, managing director of UK SMB, Concur, talks us through how the new Payment Practices and Performance regulations 2017 will affect small business suppliers.

News

SMEs owed more than £44.5 billion in late payments

More than half of UK small businesses have been affected by delays and late payments, totalling up to more than £44 billion.

News

Small suppliers still suffer at the hands of big business slow payer ethic

Half of small businesses in the UK are still suffering from slow payer ethic, as large company practices become regulated.

Accounting

Why late payments are an epidemic for small businesses

Here, Gary Turner, UK managing director and co-founder of Xero, tells us why small businesses are more affected by late payments than large businesses.

Business Loans

A guide to getting a small business loan

Everything you need to know on what small business loans are and what types of loan are available for your business.

Partner content

What are the funding options for hospitality businesses?

Hospitality businesses have faced a number of challenges in the last couple of years. Find out what funding and support is available.

Employing & managing staff

The importance of vocational rehabilitation services for SMEs

In Aviva’s latest SME research*, 57 per cent of employers surveyed agreed that nowadays employees expect benefits to protect against loss of income or earnings. What do you offer your people?

Partner content

What are the benefits of business broadband?

Business broadband offers a host of advantages over standard domestic connections, here’s why you should be considering an upgrade