Governance

Late payments don’t just hurt individual businesses Late payments are sometimes viewed as a minor inconvenience, a simple delay that businesses can manage with a bit of financial juggling. The reality however, is that late payments have far-reaching impacts that extend beyond the immediate frustration of cashflow issues. In tightly interconnected local economies like Merseyside, these delays can cause significant knock-on disruptions, affecting not only the individual businesses involved but also the wider community. …

This article was published as a thought leadership piece in Liverpool Chamber of Commerce’s Well Connected Magazine Summer Edition. It feels like there’s a lot missing. Secure prospects for the future. Proportionate action on the climate crisis. A sense that collaboration is more than a buzzword, and will really yield material rewards. …