Late payments consultation: BALI response

Late payments are a huge concern for BALI members as they can impact a businesses ability to invest or expand or, at worst, pay their own bills. Concerns around cashflow negatively impact businesses and the wider economy, and so the government aiming to address late payments for small businesses is an extremely welcome ambition. 

 According to BALI’s Lay of the Land Report, 15% of respondents rate late payments as ‘very challenging’ to their business, with a further 16% rating it ‘challenging’[1], highlighting that this is an urgent priority for over a quarter of BALI members. With only 14% of members reporting to feel ‘very confident’ about their businesses ability to expand or maintain business over the coming year, the need for intervention on late payments is vital. 

BALI has responded to a consultation on tackling poor payments practices, and you can read our full response here. BALI continues to engage with government and industry to improve the rate of payment and protect landscaping businesses.

https://www.bali.org.uk/help-and-advice/documents/lay-of-the-land/lotl-small.pdf