Time Finance CEO says Small Business Protections Bill alone unlikely to end UK late-payment culture

Reuters2026/08/12 15:34

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Time Finance CEO Ed Rimmer backed the Small Business Protections Bill as a tougher UK push to curb late payments.
Rimmer warned legal changes may not shift entrenched payment culture; SMEs may avoid enforcing new rights to protect key customer relationships.
He flagged a structural working-capital hit to SMEs, citing an estimated GBP 11 billion annual drag on the UK economy.
Rimmer positioned invoice finance as a near-term tool to unlock cash from unpaid invoices while payment behavior adjusts.
He urged large companies to treat prompt payment as a core supply-chain priority rather than a compliance exercise.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Time Finance plc published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Time Finance CEO says Small Business Protections Bill alone unlikely to end UK late-payment culture

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