Late payments and unfair payment terms
Late payments remain one of the biggest challenges facing SMEs, affecting cash flow, growth plans and day-to-day business operations. Understanding your rights, identifying payment risks and accessing the right support can help protect your business from unnecessary financial pressure.
This collection of resources from the Office of the Small Business Commissioner, Good Business Pays and government-backed organisations provides practical guidance on tackling late payments, managing unfair payment terms and improving supplier payment practices.
SUPPORT FOR BUSINESSES FACING LATE PAYMENTS
Free business support
Gain access to free business support and financial help from the Government.
Small Business Commissioner advice and support
The Small Business Commissioner provides free support to small businesses in tackling late payments and unfavorable payment terms.
Research and insights on payment practices
Can late payment culture be an alarm signal of wider problems in a business?
In this report, Good Business Pays makes the case that the figures on late payments provide a warning light on the dashboard of the financial health of a company and the way it is being run.
Compare payment performance
NHS Trust payments
Good Business Pays provides a snapshot of each NHS Trust’s average payment time.
Local authority payments
Good Business Pays provides a snapshot of each Local Authority’s average payment time.
Good payment practice and recognition
Fastest payer award
Each year, Good Business Pays recognises hundreds of companies that value supplier relationships buy paying them promtly.
Businesses with poor payment records
The late & slow payment watchlist
Good Business Pays’ Late & Slow Watchlist provides a list of companies who are reporting the worst payment performance figures as part of the Government’s Payment Practices & Performance Regulations.