Oct 11, 2015We dedicated our XXL London Deluxe Calendar to all those who love the British capital and its fascinating architecture. No matter if you come for a...
Dec 21, 2015Providers of acrylic fabrication, sign dishes and vacuum forming services.
May 5, 2017Choose from a selection of the top 5 most trusted, accredited and insured removals companies around London to deal with whatever you may be moving....
Jun 11, 2015
Mar 2, 2015
Nov 18, 2015
May 17, 2014
Sep 23, 2016
Dec 18, 2015 Education and Training
Established in 1974, David Game Higher Education (DGHE) a division of David Game College aims to...
Dec 8, 2015 Consumer Goods and Services
Local Cleaners Chelsea supplies professional cleaning services for both- commercial and home...
Dec 16, 2015 Home Improvement
We have founded our cleaning company in the London area of Bow and for many years now we have...
Oct 10, 2015 Health
GoodLooking Optics' vision is to be the world's best opticians. To be the best, means providing...
Dec 30, 2015 Business Services
Established flooring company, covering all the aspects of wood floor sanding and finishing...
Ministers propose small business commissioner to mediate late payment disputes but legal penalties not ruled out
posted on Aug 1, 2015
A new small business commissioner would help small firms tackle £26bn a year in late payments, the government has proposed.
Announced in the Queen's Speech, the Department for Business, Innovation and Skills has today opened consultation on a new body to handle disputes over late payment between small firms and their large clients.
The commissioner would have the power to investigate complaints and publicly name and shame those companies that follow poor payment practices or instigate unfair terms such as forcing suppliers to slash prices in order to retain a contract.
The mediation service is unlikely to be free to small company owners wanting to access it as they would need to pay a fee.
One of the funding options being considered by the government is basing it on the cost of mediation in family law cases which is £50 (+VAT) for a one hour session for claims under £5,000 or £425 (+VAT) for four hours if the claim is between £15,000 and £50,000.
Ministers have been inspired in their idea by a similar scheme in Victoria, Australia which has seen half of cases successfully resolved at 30% or less of the cost of litigation.
Image source: Enterprise Nation