New Late Payment Law – will it work? New laws promise to crack down on late payments. 60-day terms. Fines. More enforcement. But will it actually help SMEs get paid faster? The reality is… more complicated. You can legislate for

£112 Billion Unpaid: Why Transparency Will Not Fix Late Payment Small businesses in the UK are owed an estimated £112 billion in unpaid invoices. Nearly half of all invoices are paid late. Around 38 small suppliers close every day, with

The Secret Diary of a Credit Controller – Day 2 – The Serial Late Payer Dear Diary, If there was an Olympic medal for bad luck 🥇🍀, one of my customers would have a trophy cabinet full of gold. Honestly,

Day 1: Welcome to My World   If you think being a “credit controller” sounds like a calm, orderly job where we just tick boxes, send the odd reminder letter and make the occasional phone call… you’d be wrong.  Wildly

Business news 5 August 2025 Late payment reporting, rate cuts, minimum wage hike, FCA’s car finance redress scheme, migration, shopping, crypto, tax, markets, insolvencies & more business news that we thought would interest our members. James Salmon, Operations Director. 📒