This petition was submitted during the 2010-2015 parliament
Petition big client extended payment terms
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Large companies are insidiously and ruthlessly extending their payment terms from 30 days to 45 days to 60 days to anything up to 120+ days. This is 5 months! This is causing financial hardship to most SMEs who do the work immediately at their clients request. There is £35bn in unpaid billings in the UK currently due to SMEs as reported in the news. I wish to gather sufficient signatures to force the government to insist that companies payment terms return to 30 days. Without exception.
This petition is closed This petition ran for 6 months
1 signature
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10,000 signatures required to get a government response