Computing giant Dell has been entered into the Forum of Private Businesses’ ‘hall of shame’, after extending the time period it must pay suppliers by 15 days.
Dell cited ‘current economic conditions’ as the reason for extending payment terms from 50 to 65 days, according to a release from the organisation.
Argos, United Biscuits and Carlsberg were also identified as ‘poor payers.’
“Small businesses continue to suffer from the blight of late payment, which devastates cash flow and forces firms into administration. Companies like Dell have a responsibility to pay promptly – failure to do so can mean the whole supply chain seizes up,” said Forum spokesman Phil McCabe. “When they receive a letter like this, smaller suppliers have no choice but to agree and stay silent. There is little room for bargaining. For the sake of small businesses and the economy the new Government must prioritise tackling the culture of poor payment, addressing the bully boy behaviour of these bigger companies.
“In the meantime we will continue to give small firms a voice by holding them to account publicly in our late payment Hall of Shame.”