UK Government crackdown on late payments – how TRIVER helps SMEs manage cash flow

The UK Government has launched its Small Business Plan to support small and medium-sized enterprises (SMEs). A major focus is a late payments crackdown, tackling one of the biggest threats to SME cash flow. Alongside this, a £4bn funding package aims to strengthen growth and stability for small businesses across the UK.

Q: How is the Government addressing late payments?

Late payments cost the UK economy around £11bn a year, forcing 38 small businesses to close daily. Under the new plan:

• Large firms will face fines for persistent late payments.
• Payment terms will be shortened to 45 days.
• Interest on overdue invoices will be mandated.

These measures aim to create a fairer payment culture, but implementation will take time.

Q: How does TRIVER help SMEs affected by late payments?

TRIVER offers a cash flow solution through invoice financing . Instead of waiting weeks or months for customers to pay, businesses can unlock capital tied up in receivable invoices in no-time.

• Real-time data and a digital platform allow instant access to working capital.
• Businesses can cover operational costs, invest in growth, and avoid the risks of delayed payments.

Q: How does TRIVER align with the Government’s small business reforms?

TRIVER is already delivering on the priorities of the Small Business Plan:

• Speed – TRIVER advances receivable invoices in minutes. You don’t have to wait for your buyers to pay you.
• Fairness – Simple, transparent, and competitive prices with no hidden fees. You only pay for what you use.
• Simplicity – A fully digital process without paperwork, giving owners more time to focus on their business.
• Support for growth – Consistent cash flow allows SMEs to invest, hire, and scale.

Q: Why should SMEs act now instead of waiting for the reforms to come into effect?

While the Government’s late payment crackdown is a positive step, it will take time to be fully enforced. SMEs can’t afford to let cash flow stall. With TRIVER’s invoice financing, small businesses can act now—accessing capital quickly and staying ahead of late payments.