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Risky Business

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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Competition Commission offers hope to grocery suppliers

19 Feb 2008

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Last Friday, the Competition Commission published its long awaited provisional decisions on how to remedy its competition findings in the grocery sector. For suppliers to the large supermarket chains, that have felt frustrated in the past with the way their bills are paid, and disputes resolved,the document offers some real hope.To me, the most important proposal is that an ombudsman would be appointed to look into disputes and proactively investigate confidential complaints from suppliers about dubious trade practices.The CC says that this is their preferred route, otherwise they suggest an independent arbitrator, who I'm guessing would have lesser powers.Now we will await reaction over the next few weeks before the CC finalises everything in April/May.we'll soon find out just how powerful the supermarket lobby is- will the ombudsman stay in the final report, or will things be watered down?

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