Hammond urges ‘radical’ change on late payments. 26th July 2019. Philip Hammond, in one of his last interventions as Chancellor of the Exchequer, advocated for “radical cultural change” to stamp out the toxic business practice of late payments, as SMEs

Credit Management and the Current Political Crisis. 26th July 2019 – David Hawkins. No one can say these days that UK politics are boring. It seems almost certain, with Mr Johnson ensconced in No 10, that the political scene will

SMEs to benefit from a Prompt Payment Code overhaul. 23rd July 2019. An overhaul of the Prompt Payment Code could benefit the small businesses and provide better protection from late payments. The government scheme designed to encourage big businesses to

Most SMEs stay quiet about late payment. 19th July 2019. Sadly the majority of Small and medium sized enterprises stay quiet about late payment.  They view it as just an unfortunate cost of doing business. A recent survey shows small

Eighteen companies suspended from the Prompt Payment Code for failing to pay suppliers on time. 19th July 2019. The Chartered Institute of Credit Management (CICM) has announced the suspension of 18 companies from the Prompt Payment Code for failing to