Small business commissioner service to drive culture change in late payments
Commissioner website now live, giving small businesses information on how to check, chase and choose in the event of overdue payments
Today marks the launch of the small business commissioner complaint handling service, following the appointment of Paul Uppal to the role in October.
Announced back in July 2015, the commissioner will deal with complaints from small businesses about late payments and seek to drive a culture change in unfair payment practices.
A third of payments made to the UK’s 5.7 million small businesses are late, with 20% having encountered cash flow problems as a result.
The commissioner’s website is now live, giving small businesses guidance on issues around payment and what to do in the event of overdue payments.
It advises businesses to “check, chase and choose” when dealing with late payments:
- Check you have provided the right information to the right people
- Chase overdue payments effectively
- Choose how to take further action, including submitting a complaint to the small business commissioner
In April 2017, the government introduced regulations that require large businesses to publically report the average time it takes to pay suppliers, allowing suppliers to be better informed about who they do business with.
Last year, small business minister Margot James sent a letter to signatories of the Prompt Payment Code (PPC) – which sets standards for best payment practice – encouraging them to pay invoices within 30 days.
“Over the last five years the amount owed to smaller businesses has more than halved from £30 billion to £14 billion. Today’s Small Business Commissioner service will empower small businesses to take action if they are paid late, potentially delivering a £2.5 billion annual boost to the economy.”
Paul Uppal, small business commissioner, commented:
“Having run my own small business for over twenty years I am well aware that integrity and trust are key to running and building a successful business. My mission is to help all small businesses nurture positive and lasting relationships with their customers that work in the best interests of both.
“Today I am launching a new website so small businesses know their rights, as well as how to contact me if they need further action to be taken when the larger businesses they supply owe them money.”