A Commissioner for supply chain credit disputes?

A Commissioner for supply chain credit disputes?

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One of the great catch-22 of supply chain credit control is that the supplier is often a small business and the customer is often a bigger brand – putting the bargaining power firmly in the hands of the debtor.


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One of the great catch-22 of supply chain credit control is that the supplier is often a small business and the customer is often a bigger brand – putting the bargaining power firmly in the hands of the debtor.


Prompt payment helps all – big and small

Prompt payment helps all – big and small

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One of the challenges of ensuring prompt payment is the commonly held perception of a divide between big and small businesses – that big brands are simply never going to pay on time.


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One of the challenges of ensuring prompt payment is the commonly held perception of a divide between big and small businesses – that big brands are simply never going to pay on time.


Credit Checks keep New Firms in Business

Credit Checks keep New Firms in Business

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When you take on a new client, credit checks help you to know if they are an unacceptable financial risk to your firm – but what about when your company has only just …

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SME
Photo Credit:
Gage Skidmore via Compfight cc

When you take on a new client, credit checks help you to know if they are an unacceptable financial risk to your firm – but what about when your company has only just …

Business Groups Given Powers To Challenge Payment Practices

Business Groups Given Powers To Challenge Payment Practices

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The notion that ‘together we are stronger’ underpins many of the organisations and groups to which the UK’s smallest businesses and sole traders belong.


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The notion that ‘together we are stronger’ underpins many of the organisations and groups to which the UK’s smallest businesses and sole traders belong.


Supply chain payment practices ‘are an anchor dragging SMEs down’

Supply chain payment practices ‘are an anchor dragging SMEs down’

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SMEs are being weighed down by the payment practices of their customers throughout the supply chain, according to the Federation of Small Businesses.


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SMEs are being weighed down by the payment practices of their customers throughout the supply chain, according to the Federation of Small Businesses.


Prompt Payment Code ‘needs power and authority’

Prompt Payment Code ‘needs power and authority’

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Despite legislation being in place to enforce fair payment practices, more needs to be done in order to ensure big companies treat their smaller suppliers fairly, according to the Federation of Small Businesses.


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Despite legislation being in place to enforce fair payment practices, more needs to be done in order to ensure big companies treat their smaller suppliers fairly, according to the Federation of Small Businesses.


Budget for investment and energy ‘welcome’ for SMEs

Budget for investment and energy ‘welcome’ for SMEs

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The Federation of Small Businesses has welcomed the measures made for SMEs in the 2014 Budget statement, including those concerning energy prices, investment opportunities and road infrastructure.

 …

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The Federation of Small Businesses has welcomed the measures made for SMEs in the 2014 Budget statement, including those concerning energy prices, investment opportunities and road infrastructure.

 …

BFP helps to boost business lending by approx £70m

BFP helps to boost business lending by approx £70m

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An estimated £70 million boost to business lending through alternative means has been achieved through a £30 million injection of funds from the Business Finance Partnership.

 

The BFP is a government-run scheme …

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An estimated £70 million boost to business lending through alternative means has been achieved through a £30 million injection of funds from the Business Finance Partnership.

 

The BFP is a government-run scheme …