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The poll, which was held on the BPPG's website, www.payontime.co.uk, asked businesses if they had ever issued a winding up order and if so, if it was successful.
The BPPG's questionnaire can be found at www.payontime.co.uk/ collect/insolvency quiz.html A co-operative forum of representatives of the business community and government make up the BPPG which seeks to help improve the payment culture among organisations trading in the UK
Those who doubt that the BPPG is realistic in seeking a change to the payment culture in the UK are missing the point: late payers will persist if their creditors let them.
BPPG member Peter Rowe said: "The BPPG would like all firms to be responsible about paying suppliers on time.
Companies can fail for a number of reasons and the phoenix arrangement allows profitable elements of the failed business to survive, offering continuity for suppliers and employees, a BPPG spokesman said.
Clive Lewis, head of SME issues at the ICAEW and member of the BPPG said: "Effective credit management is essential for every business, small and large, to ensure that customers pay their bills on time.
Clive Lewis, BPPG spokesman, said: "The survey highlights the fact that bounced cheques are a real problem for businesses"It is interesting to note that micro businesses suffer fewer bounced cheques than larger companies.
According to Sony BPPG's senior vice president, Michael Baron, Sony is very committed to distance learning and the expertise developed in their work with lowa is readily applicable throughout the country.
Further advice on credit checking can be found on the BPPG website: www.payontime.co.uk
Research by the Better Payment Practice Group (BPPG), has found that 28pc of businesses have successfully charged interest under the late payment legislation.
' The Better Payment Practice Group (BPPG) has advised businesses that theinterest rate for companies wishing to apply the late payment legislation will remain at 11.75 per cent for the period January 1 to June 30, 2004.
The poll, held on the website of the Better Payment Practice Group (BPPG), found that of 659 respondents, 42% said they automatically offer trade credit to new customers.
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- BPP (complexity)
- BPP ultrasound