Late payments damage more than balance sheets

By David Frise2020-01-16T06:00:00

The mental health crisis caused by poor payment practices must be cured, not just medicated, as small businesses report alarming figures

As we enter a new decade, pressure on owners and workers continues unabated and the number of firms tumbling into administration gathers speed. In fact, the ability to turn the screw on suppliers is still worn like a badge of pride by some clients and main contractors.

In the run-up to Christmas, anyone working on Crossrail would not have missed the message implicit in a statement from one of the firms involved that the line’s philosophy was all about “keeping pressure on, even while up against seemingly impossible challenges”.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community