Host: Mireia San José
Speaker: Neil Cowley (Small Business Commisioner’s Office)
Date and Time: Thursday 19th September 2019, 15:45 – 16:15
Let’s talk about late payments, the scourge of all LSPs.
Nearly a quarter of UK businesses report that late payments are a threat to their survival. LSPs handle a huge amount of transactions each year, and late payments on what can already be 60+ day payment terms cause serious cashflow problems.
Neil Cowley from the Small Business Commissioner’s Office explores the avenues available for companies looking to minimise late payments, and the new measures to end the problem of late payments for small businesses by large companies who abuse their position in the market.