From a business perspective, larger companies are seeking to improve their cash flow by paying smaller companies late. This can prove to be a major problem for the smaller sized businesses, just adding to the difficulties they have heading into this current climate!
There's a little unknown piece of legislation called paylate that can fight back against these activities, and the person within the website below is currently in court with someone with a huge claim because they were paying him late. For more information visit
http://jamesalexandermorley.typepad....-getting-.html
Personaly, i've found that payments to our company have been fine, nothing late going off!
Anybody else experiencing later payments due to this climate? How are you dealing with it!?!
-Otis