Amid rising concern and outcry in the U.K. over late supplier payments, officials have made efforts to curb the problem, including through the creation of the small business commissioner. The new post, facilitated under the Enterprise Act, was announced last September. But it wasn’t until...
The U.K. is the world’s hot spot in the late payments debate, where the conflict over large corporations paying small suppliers over longer periods of time has brought into question the practice of stretching out an outstanding invoice. But U.K. grocery giant Tesco is looking...
Just three months after announcing plans to extend the payment terms of new contracts from 60 to 90 days, beverage conglomerate Diageo has reversed its tune. Diageo, which owns popular brands Johnnie Walker whiskey and Guinness beer, will maintain its current timeframe of 60 days....
October 07, 2015
The U.K. is the world’s hot spot in the late payments debate, where the conflict over large corporations paying small suppliers over longer periods of time has brought into question the practice of stretching out an outstanding invoice. But U.K. grocery giant Tesco is looking to buck that reputation. Reports in The Telegraph yesterday (Tuesday, […]
