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Featured businesses

Our London clinical negligence solicitors have over 25 years experience of cosmetic surgery claims. They ensure that you are given sound practical...

Webdesign 7 is a professional digital agency located in South East London which comes with lots of fresh ideas, with a professional team of...

Offering high quality Tailor Made Fitted Bedrooms and Wardrobes in over 1000 finishes, Metro Wardrobes is a well-established company with the...

Mobile development services for iOS Android.Apps for TV , Watch and other devices.

A Man With a Van Removals & Storage business based in North London. With 8 years of removal experience, carrying out home and office removals, both...
The Lady Magazine
May 17, 2014 Magazines and E-zines

In continuous publication since 1885 and widely respected as England's longest running weekly...

Webdesign7 - Web Design South East London
May 17, 2014 Programming

Webdesign 7 is a professional digital agency located in South East London which comes with lots...

W.H.E.R.E. education consultants
May 17, 2014 Education and Training

W.H.E.R.E. education consultants is a company that focuses only on British education. Such...

The Lady Jobs - Domestic & Care jobs in UK
May 18, 2014 Employment

Search our classifieds to find a wide range of jobs available throughout the UK and abroad for...

Kings Cross - Dental Clinic
May 18, 2014 Dentistry

Kings Cross Dental Clinic and the Emergency Dentist London is happy to be part of a family which...

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.

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Source: https://www.enterprisenation.com

Image source: Enterprise Nation

 

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