Operators up in arms as Mars changes payment terms


 

Operators working for Mars UK have hit out at a change in their payment terms, which have increased from 90 to 120 days, claiming the situation will damage cashflow so much that they may not re-tender for the business. Last month Mars UK was named and shamed in the national media by the Forum of Private Business (FPB) for the extension in its payment terms. However, Mars UK argued that it had introduced a supply-chain finance scheme, which actually allows […]