UK Suppliers refusing orders due to late payments

The majority of UK firms have experienced suppliers refusing to do business with them because of late payments, according to a survey.
The survey by Ivalua found six in 10 (59%) UK businesses said suppliers had terminated their relationships with them due to repeated late payments, and 62% said paying suppliers late had significantly damaged relationships.
Two-thirds of businesses (67%) feared a “global cashflow crisis” would occur if firms continue to pay late.
Stephen Carter, direc