Contributing to an article on the scourge of late payments on NewsPage by Lucy Domachowski, Colin told NewsPage that when he started his first business, an international airline’s “buried 80-day payment terms nearly killed” his startup, forcing him to borrow from friends to survive. He went on to say that large firms use payment terms as “interest-free loans”, and argued that change will only come when late payment becomes a “boardroom liability”.
Colin explained: “My business eventually grew to 15 employees despite this corporate abuse of power, not because of any government protection. Large firms weaponise payment terms as interest-free loans while small businesses suffocate, and until late payment becomes a boardroom liability rather than a CFO strategy, nothing will change.”
To read the full artilce click here: https://newspage.news/2026/02/04/late-payments-killing-small-firms-as-big-businesses-stretch-waits-to-120-days/