Paul Uppal| Scale Up
The late payment culture that exists between businesses in the UK means that:
- a third of payments to small businesses are late
- the average value of each payment is £6,142
- 20% of small businesses have run in to cash flow problems due to late payments
- if small businesses were paid on time, this could boost the economy by an estimated £2.5 billion annually
Launched in December 2017 the Small Business Commissioner, Paul Uppal, leads an independent office aimed at empowering small businesses in resolving disputes around late and unfair payment issues and provides advice, including on how to take action if a payment is overdue.
The Commissioner’s priorities are reflective of his 20-year experience as a small business owner in the real estate sector, where he saw how even sound businesses could struggle when faced with a culture of late payment by customers.