UK contractors report increase in late payments
UK contractors have reported an increase in slow payments since the start of the COVID-19 pandemic. More than two-thirds (65%) of contractors have
Source: constructionnews.co.uk
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Liz Barclay assesses late payment issues ahead of rule change
Ahead of incoming rules requiring businesses to pay 90% of invoices within 60 days, the Small Business Commissioner reports on attempts to tackle late payments in the UK.
Source: icaew.com
How Do You Solve A Problem Like... Clients Being Slow To Pay Their Agencies?
Each week, we ask agency experts from across the world and the ad business for their take on a tough question facing the industry, from topical concerns to perennial pain points.
Source: thedrum.com
Diageo rejects implications of its ouster from the Prompt Payment Code
Diageo has refuted suggestions that it systematically fails to pay its suppliers on time, with a large majority of smaller firms paid within 60 days…
Source: heraldscotland.com
Major companies permanently removed from the Prompt Payment Code - Accounting Advice
Five leading companies have been formally removed from the Prompt Payment Code (PPC) after failing to honour their commitments.
Source: newbusiness.co.uk