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ACCA Thinks – Episode Four: The Impact of Late Payments on Small Businesses


In this episode, host Lloyd Powell, Head of ACCA Cymru, talks to Liz Barclay, Small Business Commissioner, about the impact late payments have on small businesses and how accountants can support them.

Liz was appointed Small Business Commissioner in July 2021 and has worked with small businesses to work on improving governance, trust and understanding of customer behaviour.

Before being appointed as Small Business Commissioner, Liz worked as CEO for Citizens advice before moving into a radio and TV role specialising in business and consumer affairs. She has also been Financial Inclusion Commissioner, as well as a member of the Standards Boards of the Equity Release Council.

Lloyd and Liz discuss in-depth how late payments affect small businesses, how accountants can help support their smaller clients with this, and how her position working with governments helps improve conditions for small businesses.


ACCA (the Association of Chartered Certified Accountants) is the global professional body for professional accountants.

We’re a thriving global community of 233,000 members and 536,000 future members based in 178 countries and regions, who work across a wide range of sectors and industries. We uphold the highest professional and ethical values.

We offer everyone everywhere the opportunity to experience a rewarding career in accountancy, finance and management. Our qualifications and learning opportunities develop strategic business leaders, forward-thinking professionals with the financial, business and digital expertise essential for the creation of sustainable organisations and flourishing societies.


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