Working together to cure the bad debt epidemic for SMEs

With the UK economy in a current state of flux, there are several issues facing SMEs that threaten to stifle growth in 2018 and beyond, including supply chain pressure, late payment, falling investment and currency fluctuations. But while the potential outcome of Brexit continues to dominate the news, there is one key challenge for SMEs […]

Read more

Getting match fit

The UK is now one of the easiest places in the world to launch a business. More than 1,100 new businesses start each day, according to Government statistics. This is a great achievement and we should recognise all that Government has done to help those who want to set up. Now it’s easy to set […]

Read more

Financial services tribunals: Levelling the playing field for SMEs and banks

A proposal launched by MPs in parliament for a brand new tribunal should solve the problems that have beset both SMEs and banks involved in retail banking disputes. The proposal is promoted by the All-Party Parliamentary Group on Fair Business Banking, chaired by Conservative MP Kevin Hollinrake. At the launch in the House of Commons, […]

Read more

Tip of the Iceberg

Hugh Gage, founder of the Prompt Payment Directory shines the spotlight on the wider ranging issues caused by late payment. I have, in the past, written about the scourge of commercial late payment describing it as an iceberg issue. The obvious simile being that it is a huge and very dangerous problem affecting the UK […]

Read more

New government proposals to level the playing field

“I welcome the Governments initiative on reinforcing tighter measures in the bid for government contracts. Putting the spotlight on undesirable supply chain behaviours will enable small businesses to understand the importance of constructive and collaborative supplier relationships. I see this as the first step in the battle against late payment and improving unfair payment practices”. […]

Read more

Welcome to SBC

I was appointed to the role of Small Business Commissioner in October 2017 in a bid to support the country’s 5.7 million small businesses and help alleviate poor payment practices. Before I delved into the world of Politics and became an MP I was a Small Businesses owner for 20 years, so I have first-hand […]

Read more