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 […]
Operators should soon be able to see how promptly large firms pay their bills under government proposals announced last week designed to name and shame businesses that “ride roughshod over their suppliers”.
Proposals to grant business groups the power to challenge unfair payment terms on behalf of their members are being considered by the government.
Lancashire courier Sameday was given the opportunity to share concerns about road repairs and business finance with chancellor George Osborne last week.