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Payment Terms – Big Business vs Small Business

Andrew Kingstone, Director of Gravity Credit and Damien Grant from Waterstone Insolvency, discuss the payment terms for big businesses vs small businesses. New legislation is being proposed which aims to reduce the stress and financial hardship caused by late payments to small businesses.

The Ministry of Business, Innovation and Employment has issued a discussion document in February 2020. Gravity credit is a debt collection and a credit reporting agency that helps businesses to recover debts and improve cash flow. It is vital to be on top of your collections and dialogue with your debtors. If you have any questions about credit management or debt recovery, email us at [email protected] or call us on 0800 GRAVITY.

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