Could be the end of the bargains
http://www.diyweek.net/news/news.asp?id=12657


--
Dave - The Medway Handyman
www.medwayhandyman.co.uk

"The Medway Handyman" wrote in message
om...
Could be the end of the bargains
http://www.diyweek.net/news/news.asp?id=12657

I'm sure they'll find another supplier, but it's interesting to hear. I
wonder if they're up to the same tricks as Tesco and conjure up cashflow by
failing to pay anybody on time...

In article ,
Doki wrote:
I'm sure they'll find another supplier, but it's interesting to hear. I
wonder if they're up to the same tricks as Tesco and conjure up cashflow
by failing to pay anybody on time...

Standard practice with most large businesses. Sadly.

--
*Ham and Eggs: Just a day's work for a chicken, but a lifetime commitment

Dave Plowman London SW
To e-mail, change noise into sound.

On Fri, 25 Sep 2009 09:26:42 +0100, Dave Plowman (News) wrote:

I wonder if they're up to the same tricks as Tesco and conjure up
cashflow by failing to pay anybody on time...

Standard practice with most large businesses. Sadly.

Especially when said large business is a major source of income to a
much smaller business. Under the Late Payment of Commercial Debts Act
there are rights and legal process that makes late payment and the
penalties very clear. But the little chap/company just cannot afford
to risk upsetting the wolf that feeds them.

--
Cheers
Dave.

In article o.uk,
"Dave Liquorice" writes:
On Fri, 25 Sep 2009 09:26:42 +0100, Dave Plowman (News) wrote:

I wonder if they're up to the same tricks as Tesco and conjure up
cashflow by failing to pay anybody on time...

Standard practice with most large businesses. Sadly.

Especially when said large business is a major source of income to a
much smaller business. Under the Late Payment of Commercial Debts Act
there are rights and legal process that makes late payment and the
penalties very clear. But the little chap/company just cannot afford
to risk upsetting the wolf that feeds them.

That's starting to change, because when the little man goes bust,
there are now companies which will buy him just for his books,
so they can go back through them and claim the late payment
penalties from his customers, which remain payable for 6 years.
This is turning out to be very lucrative, when you can force his
customers to pay between £40 and £100 plus interest at 8%
above base rate for every invoice issued in the last 6 years
where payment was late (or a higher amount if part of the
original contact).

See: http://www.paylate.co.uk/
but note that the risk identified at the end (as I describe above)
is now up and running well.

--
Andrew Gabriel
[email address is not usable -- followup in the newsgroup]

The Medway Handyman pretended :
Could be the end of the bargains
http://www.diyweek.net/news/news.asp?id=12657

When the Aldi bargains first started, they were real bargains - but
over the years they seem to have become less competitive, or other
companies have offered as good, as cheaply.



--
Regards,
Harry (M1BYT) (L)
http://www.ukradioamateur.co.uk