SNP MP Douglas Chapman hosted a roundtable discussion at Westminster this week to discuss the UK’s crippling late payment culture and the “shattering consequences” it can have for small and medium-sized businesses (SMEs).
The event was sponsored by Susan Love, the strategic lead for the Association of Chartered Certified Accountants in Scotland, and attended by representatives from ACCA across the UK, SMEs, and Small Business Commissioner Liz Barclay.
Topics covered included an analysis of the impact of poor payment practices on businesses, how these businesses cope with late payment of invoices and ways to minimise risk.
