Post by Chambers Wales South East, South West and Mid

Yesterday, Chambers Wales South East, South West and Mid brought together business leaders at Menzies LLP for an insightful roundtable with Adfin to discuss one of the biggest challenges facing SMEs: late payments. The timing could not have been more relevant. With the UK Government's Commercial Payments Bill progressing through Parliament and proposing stronger action to tackle poor payment practices, the issue is firmly in the national spotlight. Our discussion explored not only the impact that late payments have on cash flow and growth, but also the practical steps businesses can take now. From automation and smarter payment processes to reducing administration and improving certainty, the conversation focused on real-world solutions that can save time and help businesses thrive. For many SMEs, getting paid on time is more than a financial issue. It's about confidence to invest, recruit and grow. A huge thank you to our hosts at Menzies LLP and Adfin for facilitating such an engaging discussion, and to everyone who joined us and shared their experiences and insights.