Top 10 slowest FTSE 350 firms to pay suppliers
2 September 2021, 00:04
The Good Business Pays campaign is calling on FTSE firms to fast-track payments to support small suppliers.
The Good Business Pays campaign has found FTSE 350 listed companies can take more than four months to settle bills with small suppliers.
Here is a list of the worst offenders compiled by the campaign:
Company/Ave time to pay in days/% invoices not paid within agreed terms
Meggitt 132 85
C&C Group 120 53
TUI 101 63
Electrocomponents 90 20
Diageo 84 7
Coca-Cola HBC 83 8
Greencore Group 79 11
Premier Foods 76 2
Rolls-Royce 76 8
GlaxoSmithKline 75 4
