That small business commissioner guy actually clawed back ten million bucks in late payments for little guys. The Office of the Small Business Commissioner just hit that milestone, recovering about a million in this financial year alone, with over half a million secured just last month. They help small firms fight bigger companies that are sitting on unpaid invoices. Since starting up back in 2017, the office has reviewed complaints and leaned on larger businesses to pay up. The problem is still massive, with government figures showing late payments trash the economy to the tune of 11 billion pounds yearly, killing around 4,000 small businesses annually.
One tiny IT shop with just four employees said the commissioner's office got them paid by a big travel company after months of hitting dead ends with calls and emails. The Small Business Commissioner, Emma Jones, called the ten million figure an incredible achievement, noting the amount recovered this year is triple what it was last year. She said late payments wreck mental health as founders stress over bills and payroll, urging more small businesses to file a case if a bigger customer is jerking them around. The office can only step in and help if people actually come forward with their payment disputes.
One tiny IT shop with just four employees said the commissioner's office got them paid by a big travel company after months of hitting dead ends with calls and emails. The Small Business Commissioner, Emma Jones, called the ten million figure an incredible achievement, noting the amount recovered this year is triple what it was last year. She said late payments wreck mental health as founders stress over bills and payroll, urging more small businesses to file a case if a bigger customer is jerking them around. The office can only step in and help if people actually come forward with their payment disputes.
