The problem of slow payment has not been improved by the government’s Late Payment Act, according to a survey of credit managers. The research, carried out by the organisers of the Credit 2000 conference, showed that 82% of credit managers believe the act has ‘done nothing’ to improve late payment. Interviews with 13 companies turning over £100m, show that even they have not improved the speed with which they pay invoices to smaller suppliers as a result of the act.
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
The established building and heritage restoration company has ceased trading following the loss of major tenders
UK senior partner Phil Verity has been elected for a second term at Mazars