How does your business survive when you are paid late by larger companies and limited liability partnerships (LLP’s)?
With the late payment regulations changing from April 2017 for these organisations this might help your businesses cashflow!
Their performance and payment practices will have to be published twice a year from April 2017. This will need to include the average time taken to pay supplier invoices.
The Federation of Small Businesses (FSB) confirmed that if payments were made promptly, then 50,000 businesses would still be trading and adding £2.5 billion to the UK economy.
Are you a small business that would benefit from a financial organisation chasing late payments regularly for you? Would you like to see your business bank account in credit? Or would you like to reduce your overdraft costs?
Contact Dawn Edwards for further information either by phone 0118 968 0813 or via email – [email protected]