A blog by Martin Williams, external affairs spokesman of Graydon UK, focusing on business risks - from fraud to late payment. Martin has has spent the last 35 years in the credit information industry, and has been with Graydon UK, one of the top five commercial credit agencies in the UK, for the last 20. Apart from his PR duties, he teaches credit analysis to risk professionals and helps educate SMEs on the importance of maintaining a good credit rating. Martin is a Fellow of the Institute of Credit Management and is a sitting member of the Institute's Think Tank. He was also honoured by Credit Today, after being included on their Credit 100 list of people who have had the greatest impact in the credit industry during 2008, 2009 and 2010.
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25 Feb 2008
Politicians across Europe are ever eager to criticise the culture of late trade payment by corporations and the devastating impact it can have on small business in particular. It's a bit ironic then that EU ombudsman Nikiforos Diamandouros felt obliged to launch an investigation into late payments by the European Commission itself, following a number of complaints from frustrated contractors.His investigation, set up in late December 2007, called on the EU executive to send its opinion on what's going wrong by March latest. No news yet on the outcome, but I'm sure we'll hear that the EC has examined its internal procedures and has taken steps to ensure that delays are kept to a minimum.......................sound familiar?
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