Byline: Helen Logan A survey of UK companies by the Better Payment Practice Group (BPPG) has found that four out of five have successfully issued a winding up order.
com, is a free online resource for the Private Sector Payment Performance League Tables, and is a joint venture between the Federation of Small Businesses, The Credit Management Research Centre and The Better Payment Practice Group.
A poll conducted by the Better Payment Practice Group (BPPG) recently revealed that 10 per cent of firms would continue paying their suppliers late even if all of their customers paid them on time.
The DTI's Small Business Service has published a special guide - The Late Payment of Commercial Debts (Interest) Act 1998: A User's Guide - which is available by telephoning (0870) 150-2500 or it can be downloaded from the Better Payment Practice Group website at www.
Nick Goulding, chief executive of the Forum of Private Business and chairman of the Better Payment Practice Group, said: "We should see a significant impact from the legislation over the next year.
The Better Payment Practice Group, set up to promote awareness of the new laws, says small businesses are owed [pound]17 billion at any one time, [pound]6.
