RELATED NEWS
- OECD warns of UK recession
02 Sep 08 - Inflation falls but confidence continues downward spiral
29 Aug 08 - Diageo issues warning as reality bites
28 Aug 08 - Dollar hits six month euro high
26 Aug 08 - Big three suffer slump as Eurozone slips closer to recession
14 Aug 08 - Report offers dire warning on oil costs
11 Aug 08
RELATED ARTICLES
- Vodafone’s trip to Luxembourg
- Opinion: Morals – what morals?
- Big business keen to exploit advantage provided by procurement outsourcing
- Going for Gold
- Route to Market
- Opinion: Marketing isn’t a no-go area
KNOWLEDGE MANAGEMENT TAGS
"Governance"
UK suppliers to tighten screws as credit crunch bites
More than half of all UK suppliers are planning to tighten their credit terms as the economic downturn continues, new research has found.
The Graydon poll involved 400 companies and found that 56 per cent planned to be “more demanding” with their credit criteria throughout 2008, with just two per cent claiming that they were currently confident enough to loosen terms.
"Suppliers are looking long and hard at those companies who are asking them for credit and with business insolvencies increasing at an alarming rate the 'safety first' culture is spreading across all major industry sectors," said Martin Williams, managing director of Graydon UK.
"This is entirely understandable in a market where the sound management of cashflow could mean the difference between success and going to the wall.”
= Online Global Members Only 
= Premier Members Only
