News Article

New Small Business Commissioner will personally challenge late payers

Business Minister Anna Soubry expects the new Small Business Commissioner to personally pick up the phone to chief executives of big late-paying firms.

Soubry stated in an interview with Mail on Sunday, “We have a problem with big companies changing their terms and conditions to pay ever later. The Commissioner will, I hope, be doing a lot of work behind the scenes”.

A recent study by the Asset Based Finance Association claimed firms with fewer than 250 staff are owed £67.4 billion in unpaid invoices – up 8 percent from last year and an increase of 36 per cent since 2011, as payment times grow.

Business owners should not expect a complete reversal of larger firms’ attitudes regarding late payment of invoices; however, it is pleasing to see that the Business Minister has identified this area as a problem for owner-managed businesses and is trying to do something about it.

Contact Avanti to see how we can help your business today. Call us on 0113 457 5853 or

get in touch