Small firms face £9k bill to collect late payments Small firms on average face a £9,000 bill to collect late payments. Annual research by BACS Payment Schemes shows that small businesses in the UK face a bill of £6.7bn to

GlaxoSmithKline admits to late payments Pharmaceutical giant GlaxoSmithKline has confessed to taking too long to pay hundreds of small suppliers – despite signing up to a ‘fast payments’ code nine years ago. One small supplier said payments from GSK had

Small impact on late payments from the small business commissioner Packing  a small punch The small business commissioner has put the “small” into late payment collections. Paul Uppal, who was appointed by the government  as small business commissioner with the

What if Thomas Cook collapses? What  if Thomas Cook collapses? The world’s oldest travel firm, Thomas Cook,  has lost 60% of its stock value in a week as its profits slumped and its debt piled up. Founded in 1841, Thomas

MPs turn attention to late payers If you thought Parliament was preoccupied by the Brexit talks, then think again. MPs have some how found time to raise the issue of late payment. MPs call for 30 day supplier pay rule