Liz Barclay has been named as the new Small Business Commissioner with the aim to champion SMEs and tackle the continued issue of delayed invoices.
With over £23.4 billion owed in outstanding invoices to UK businesses, the Small Business Commissioner post was created in 2016 to help small businesses secure the payments owed to them and to guide UK businesses toward a new culture of prompt payment.
Liz Barclay, commented, “We need a real culture change around business payments in the UK to take pressure off our phenomenal entrepreneurs. People who have already delivered goods and services have to be able to turn their attention to their next client and next order rather than chasing up late payments and worrying about their cashflow. I know from personal experience how damaging that can be to mental and emotional health.