Not surprisingly, in the current economic climate, late payment is on the rise. Cash-flow is king, and companies can ease cash-flow problems by delaying payments to suppliers, effectively borrowing money from them at 0% interest. This article illustrates the problem nicely:- http://www.businesszone.co.uk/topic/finances/firms-forced-shed-staff-late-payments-bite/50949 We take a dim view on this – I was brought up to avoid debt wherever...
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