Don't let late payers get the upper hand

摘要

When a client fails to pay its bill on time and looks set to cause strife, it can put you in a difficult position. So what are your options? words Adam Bernstein Every business will, from time to time, encounter problems with late payment of its bills. Indeed, figures from the government published in a House of Commons briefing paper, Late Payment of Debts, in February (2017), suggest that SMEs are owed around ￡26.3bn in overdue payments, that 30% of payments to SME are late, and that the average value of each late payment is ￡6,142. These numbers are not to be sniffed at.