The government should consider actions to intervene to help small businesses suffering from late payment at the hands of larger organisations; it has been claimed by the Federation of Small Businesses (FSB). This call comes after computer firm Dell was added to the Forum of Private Business' list of companies which regularly make late payments, alongside firms such as Argos, Carlsberg and United Biscuits.
APA broadly support this call and Director General, Gareth Osborne, said, "Small businesses rely on prompt payment, at least in line with agreed terms, but all too often large organisations; particularly public bodies, take advantage. Even APA has occasional difficulty extracting payment from larger organisations that should know, and act, better. In most cases it is simply poor credit management practice and failure to adhere to their own policy for payment but who complains? We are all too afraid of losing the business!”
The FSB spokesperson claimed that larger organisations continue to lean on small businesses over payment issues, even though they have the cash flow to pay earlier. APA will be acknowledging the FSB’s call and writing to Ministers but it recognises this is not a new problem and may be difficult to solve, “The problem has definitely been heightened by the impact of the recession and tighter financial constraints imposed by the High Street banks but has been around for decades, Gareth concluded. “Large organisations all too often abuse their smaller suppliers!”
APA
APA broadly support this call and Director General, Gareth Osborne, said, "Small businesses rely on prompt payment, at least in line with agreed terms, but all too often large organisations; particularly public bodies, take advantage. Even APA has occasional difficulty extracting payment from larger organisations that should know, and act, better. In most cases it is simply poor credit management practice and failure to adhere to their own policy for payment but who complains? We are all too afraid of losing the business!”
The FSB spokesperson claimed that larger organisations continue to lean on small businesses over payment issues, even though they have the cash flow to pay earlier. APA will be acknowledging the FSB’s call and writing to Ministers but it recognises this is not a new problem and may be difficult to solve, “The problem has definitely been heightened by the impact of the recession and tighter financial constraints imposed by the High Street banks but has been around for decades, Gareth concluded. “Large organisations all too often abuse their smaller suppliers!”
APA
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