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 […]
Davies Turner & Co has increased turnover and pre-tax profits despite “tough trading conditions” last year, according to its latest annual results.
Boughey Distribution bounced back into the black last year, converting a £754,000 pre-tax loss into a profit of £310,000.
Pall-Ex UK saw its pre-tax profit jump more than 200% in 2016 after results from its management restructure and growing membership began to take hold.