Prompt Payment Code

Business management

Liz Barclay answers your questions about late payment

Join Small Business Commissioner Liz Barclay on September 9 for a special Twitter Q&A using the hashtag #AskSBCommissioner


Big companies must pay small business suppliers within 30 days

Companies will have to pay 95% of small businesses within 30 days, down from 60 days


Microbusinesses spent 10 weeks handling financial admin in 2019

Financial admin is time-consuming for micro firms – and it's not helped by late payments. Here's how to protect your business against them.


Paul Uppal steps down as Small Business Commissioner

Paul Uppal is no longer in his role as Small Business Comissioner due to a conflict of interest over a banking redress service.

Business management

Insolvency: government initiatives have failed small businesses

Insolvency has reached a near six-year high and it's hitting small businesses hard. Mark Gardner from Excello Law, explains how the government has failed.


Promising late payment news for small businesses as Prompt Payment Code attracts more signatures

The number of FTSE 350 companies pledging to pay small companies promptly has tripled following a government drive to boost sign up to a code of conduct.


FPB speaks out against abuse of Prompt Payment Code

The Forum of Private Business is urging changes to the Prompt Payment Code after it has learned firms with payment times as long as 90 days are planning to sign up.


GSK puts the squeeze on suppliers with payment time increase

Pharmaceutical giant GlaxoSmithKline has been named and shamed as 'morally bankrupt' by the Forum of Private Business for increasing supplier payment times from 60 days to as much as 95.

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5 things every small business owner needs to know before starting

HSBC - Advertising feature

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What is professional indemnity insurance?

Professional indemnity insurance provides cover if somebody sues your business and they allege that your advice caused financial loss or damaged their brand. It’s not just for accountants and lawyers but for anyone offering a personal service, even web designers

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Benefits of switching to the right business bank account

We've teamed up with the Current Account Switch Service to explain the benefits of switching your business bank account.

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Business Companion: a reliable voice in the misinformation age

Business Companion is a one-stop-shop for accurate and up-to-date legal guidance, whatever sector you’re in — and it’s all completely free