Small business back late payment legislation

 Small businesses back late payments legislation

A survey of 2,000 small firms by Basware and YouGov reveals 61% of SMEs want new laws on late payments. One in four of the respondents said they have had their financial viability put at risk due to late payment or payment towards the end of a term agreement, suggesting around 665,000 businesses in the UK have come close to bankruptcy because of payment issues. Source:   P2P Network (21/05/2018)