At Good Business Pays we are committed to helping the UK’s small businesses survive and thrive, by ensuring they don’t suffer the scourge of late or slow payment of their invoices. It is a problem that directly results in 50,000 small business failures each year according to the Federation of Small Businesses.

We constantly monitor how long commercial organisations take to pay their suppliers using data collected by the Department for Business and Trade. This week on our website we publish details of how long local authorities take to pay their suppliers, ahead of the publishing of the new public sector procurement Bill due to be introduced next year.