Hermes Parcelnet pays its suppliers more quickly than any other company in the Motor Transport Top 100 top 10, an MT analysis has found. In the six months to 31 August, Hermes Parcelnet – 10th in this year’s Top 100 by turnover – was first for prompt payment, taking on average just nine days to pay its suppliers with 93% paid within 30 days and only 8% of invoices not paid within agreed terms. Second was DPDgroup UK – fifth […]
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”.
By the time the Beast from the East had done its damage and spring was finally making itself known, official figures showed that there had been 574 insolvencies in UK logistics during the first three months of 2018.
The GMB union is taking legal action against Hermes as part of its wider campaign against the gig economy.