Late Payment - 'Big Question' sparks campaign

Accountancy Age this week launches a major campaign to expose the full impact of late payment on small and medium-sized businesses.

The Late Payment Campaign is in response to the overwhelming results of this week’s The Big Question survey which found that only 25% of UK finance directors think the Late Payment Act is working.

We are opening fax and e-mail hotlines so that you can tell us about your experiences and those of your clients. Submissions can be made in confidence but the overalldata will be compiled and presented to small business minister Michael Wills.

Accountancy Age was the first newspaper to signal alarm over the Act, breaking the news of Rentokil’s 60-day payment ultimatum to small suppliers.

Last week we highlighted House of Fraser’s attempt to extend its payment terms to 75 days – more than twice the 30 specified in the Act.

Send us your experiences by fax on 0171 316 9250 or email direct to staff writer Nick Huber at [email protected].