Tesco admit to unfair practices with suppliers

Tesco has admitted 'a number of instances of probable breaches' of the Groceries Supply Code of Practice, in their 2015 Annual Report.

The code sets out how designated retailers are expected to fairly manage their relationships with suppliers, including obligations for retailers to pay their suppliers without delay. 

Some suppliers, however, may be reluctant to notify breaches, or take collection action for overdue debt, for fear of losing a lucrative deal. 

Longcross Construction in Administration

Longcross Construction has been placed in administration after their bank reportedly withdrew its support.

Longcross is based in Ashtead, Surrey with offices in London, Birmingham, Derbyshire, Exeter, Oxford, Sheffield and Sidcup. Administrators from Deloitte are now running the company.

B&Q suppliers woes & how Credit Insurance can help the SME business

Reports in the press state that a previous supplier to B&Q is threatening legal action against Kingfisher group. 

Terry Clark says his company TWC, failed as a direct result of their “horrendous” payment performance. 

Notice of Administration - GB Building Solutions Ltd

Atradius have issued the following advice for creditors.

It has been confirmed that Anthony Nygate and Graham Newton of BDO LLP have been appointed as Administrators of GB Building Solutions Ltd and GB Group Holdings Ltd with effect from 09 March 2015.