Late-paying firms could be named and shamed


 

Operators should soon be able to see how promptly large firms pay their bills under government proposals announced last week designed to name and shame businesses that “ride roughshod over their suppliers”. Increased transparency will, according to the government, enable smaller businesses to compare larger firms’ average payment times and the proportion of invoices paid late. It will also allow firms to evaluate the length of time a company opts to pay its bills, such as within 30 days, more […]