Prompt Payment Code

Questions & Answers

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

News

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

Accounts & Tax

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.

Outlook

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.

Outlook

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.

Outlook

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.