Marlow’s Globe Business Park Business Improvement District (BID) is pleased to announce that businesses have voted strongly to support a second term for the BID. For a BID to be successful at ballot, it needs to show a simple majority in favour by both number and aggregate rateable value and the results for Globe Business […]
Dear Mr Bramhall, Thank you for your letter of 14th October following on from the EATV lunch. I was very pleased to attend the lunch and to hear the issues raised. I appreciate your concern about late payments to SMEs. I understand that Ministers in the Department for Business, Innovation & Skills (BIS) have been […]
The Times reports that efforts to prevent small companies being abused by large customers are being undermined by a lack of resources and the indifference of Whitehall officials, the former late payment watchdog has warned. Paul Uppal, who stepped down as small business commissioner in October, said his office had been met with “radio silence” […]
Late payments are forcing SME bosses to self-sacrifice… According to the Construction Enquirer, nearly half of small contractor owners have been forced to stop their own wages due to payment delays by bigger firms. New survey findings from engineering services trade bodies ECA and BESA reveal the devastating impact of unfair payment on construction. Three-quarters […]
The Times has reported that small companies bear the brunt of a culture of late payment of commercial debts, with businesses paying their smallest suppliers an average of 30 days after their biggest trading partners. An analysis of almost 11 million invoices totalling £24.6 billion found that the problem of late payments was rife throughout […]
