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Tesco Knowingly Delayed Payments To Suppliers
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it is wolf but mikey for some reason thinks hes an alternative news service and loves to regurgitate old stories and especially ones where he thinks you should have the same views as him...
I use Tescos regularly and have no intention of not using them.. most businesses will pay suppliers as late as possible, hardly a new thing, the fact that it was a policy is neither here nor there, the majority of companies always pay late to further their own position ...
I use Tescos regularly and have no intention of not using them.. most businesses will pay suppliers as late as possible, hardly a new thing, the fact that it was a policy is neither here nor there, the majority of companies always pay late to further their own position ...
Yes, very common, probably why Experian acquired 'Riskdisk' in 2011
'It allows you to determine the credit worthiness of your customers and prospects in an instant using our unique Experian Commercial Delphi scorecard and many other publicly & privately available data sources.'
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'It allows you to determine the credit worthiness of your customers and prospects in an instant using our unique Experian Commercial Delphi scorecard and many other publicly & privately available data sources.'
http://
It is a current news item. Reported because of the findings of the Grocery Code Adjudicator (no I didn't either :-) )
"Accounting irregularities still outstanding" I see
There was no suggestion of people boycotting Tesco because of that, was there?
Are Tesco really just doing what everyone does, or is it worse in their case?
I don't know, but it would be a more worthwhile discussion than the unnecessary personal attacks.
"Accounting irregularities still outstanding" I see
There was no suggestion of people boycotting Tesco because of that, was there?
Are Tesco really just doing what everyone does, or is it worse in their case?
I don't know, but it would be a more worthwhile discussion than the unnecessary personal attacks.
jno...most of the allegations have been proven, as shown in Ms Tacon's report::::
Ms Tacon cannot fine Tesco as she only acquired this power after the investigation began.
The adjudicator examined three key areas: the length of time taken to pay money due to suppliers, unilateral deductions from suppliers and an intentional delay in paying suppliers in some cases.
On the issue of payment for better shelf positions or space for products, Ms Tacon found no evidence that Tesco breached this part of the grocery code.
However, she found evidence of a range of practices that she would like examined.
Her five recommendations include stopping Tesco from making unilateral deductions from money owed for goods supplied. Suppliers will be given 30 days to challenge any proposed deduction and if challenged Tesco will not be permitted to make the deduction.
Ms Tacon has set a four-week deadline for Tesco to say how it plans to implement her recommendations. She will then require regular reports from the company on its progress.
Ms Tacon cannot fine Tesco as she only acquired this power after the investigation began.
The adjudicator examined three key areas: the length of time taken to pay money due to suppliers, unilateral deductions from suppliers and an intentional delay in paying suppliers in some cases.
On the issue of payment for better shelf positions or space for products, Ms Tacon found no evidence that Tesco breached this part of the grocery code.
However, she found evidence of a range of practices that she would like examined.
Her five recommendations include stopping Tesco from making unilateral deductions from money owed for goods supplied. Suppliers will be given 30 days to challenge any proposed deduction and if challenged Tesco will not be permitted to make the deduction.
Ms Tacon has set a four-week deadline for Tesco to say how it plans to implement her recommendations. She will then require regular reports from the company on its progress.
Well said Bazile and OL !
!The investigation by the SFO is still ongoing but to quote the BBC link ::
The SFO investigation began in October 2014.
Laith Khalaf, senior analyst at Hargreaves Lansdown, said stockbrokers believed Tesco would be hit with a substantial fine from the SFO.
"Cantor Fitzgerald are suggesting Tesco could face financial penalties in excess of £500m for its accounting misdemeanours, pending the publication of the forthcoming Serious Fraud Office investigation," he said"
!The investigation by the SFO is still ongoing but to quote the BBC link ::
The SFO investigation began in October 2014.
Laith Khalaf, senior analyst at Hargreaves Lansdown, said stockbrokers believed Tesco would be hit with a substantial fine from the SFO.
"Cantor Fitzgerald are suggesting Tesco could face financial penalties in excess of £500m for its accounting misdemeanours, pending the publication of the forthcoming Serious Fraud Office investigation," he said"
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Just saying, like. ;-/
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Just saying, like. ;-/
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