Speaking on the fifth anniversary of the formation of the Better Payment Practice Group (BPPG), Small Business Minister, Nigel Griffiths said large firms should stop altering payment terms to the detriment of small suppliers.
Mr. Griffiths said: "Large firms imposing lengthy payment terms hit small suppliers. While things have improved, late payment is still a problem that can have a crucial impact on the survival of a small business. More large firms need to learn to play fair."
The concern about the conduct of larger enterprises regarding late payment comes as the BPPG marks five years of work to raise awareness of the problems caused by late payment, specifically to smaller and medium-sized enterprises (SMEs), and to improve Britain's commercial late payment culture.
Successes of the BPPG and the better payment campaign include:
