Costain reinstated to Prompt Payment Code Last month we reported that 18 companies had been suspended from the Prompt Payment Code. This followed the announcement in April that 17 companies had been either removed or suspended from the code. The

More UK firms in ‘significant distress’ 31st July 2019. The number of UK businesses facing ‘significant distress’ has increased, according to a new poll, with 14% of all UK businesses, or 484,000, indicating they were experiencing significant distress at the

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

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

Jamie’s creditors to lose £83m. 23/7/2019. Jamie’s Creditors look set to miss out. Creditors for British restaurant chain Jamie’s Italian are facing losses of £83m following the business’s collapse in May, a new report from administrators at KPMG reveals.