After bolstering their supply chain payment practices, five companies that were suspended from the Prompt Payment Code (PPC) in the past have been reinstated. Screwfix, IBM, Seddon Construction, Kier Highways and BT PLC were the five reinstated companies, according to an announcement. Interim Small Business...
When it comes to late B2B payments, there’s good news and bad news. The good news stems from the U.K., where new research has found that fewer invoices were paid late to small businesses (SMBs) in 2019 than in 2018. Among the success stories of...
The U.K.’s Crown Commercial Service (CCS) announced that Britain’s biggest construction company Balfour Beatty would be hired, even though it was among major construction firms that were recently punished for failing to pay suppliers on time, according to The Construction Index. Balfour Beatty was suspended...
Nearly two years have passed since U.K. construction giant Carillion collapsed, but the saga continues to send shockwaves throughout the global construction industry. One of the largest impacts the case has had is in shedding light on the sector’s cash flow crunch and an epidemic...
