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Carillion and small and medium companies

Carillion, like many large companies set payment terms for SME (small and medium sized enterprises) suppliers and services at 120 days.  This seriously strains the cash flow of small companies who will have to pay almost all of their outgoings including wages on 30 days.  The SMEs either have to accept these terms or not get the contract. With more and more work going to large service companies like Carillion it gives the SMEs little option. It is particularly iniquitous as most of Carillion’s contracts were with the public authorities who have legally to pay their suppliers in 30 days, so Carillion sat on the money for 90 days.If the SMEs had been on 30 day terms, surely bells would have rung much earlier, Carillion would have gone down earlier, but owing far less money to the SMEs, many of which will now be forced into bankruptcy.On 1 July 2017, the European Act dealing with payment terms of maximum sixty days for large enterprises came into force. This law provides that large enterprises cannot agree upon payment terms of more than 60 days entering into commercial contracts with the SMEs and self-employed entrepreneurs as a supplier or service provider.For existing agreements between large enterprises (as debtor) and SMEs or self-employed entrepreneurs (as creditor), this new maximum payment term will apply as from 1 July 2018.This new act is a further implementation of the European Directive late payments (Directive 2011/7/EU).Agreements whereby large enterprises nevertheless decide to agree on payment periods longer than 60 days will be declared null and void. The payment term will then by operation of law be converted into a payment term of 30 days. Should the debtor pay the invoice only after 30 days, legal interest rate is due (by way of law) over the period exceeding the 30-day period.But will this directive apply post Brexit? How do SMEs even those who voted to leave insist the British government transfer this very important European law and ensure it becomes legally binding in the UK.  One could ask is this the reason some CEOs voted leave?

Libby Kemp ● 3156d0 Comments ● 3156d

Churchfield Road W3 Roadworks - Ealing Council update Jan 2018

Hi folks,I'm posting a request to assist small Churchfield Rd shops to keep open and trading by introducing 15/20/30 minutes free parking.I live on Myrtle Road about 20 metres away from works taking place, so been keeping an eye on things.Yes, it's been painfully with Acton roadworks on the Oaks, building beside Sainsburys, Otto Trading, Acton main line, Acton Town etc... pretty messy.    Anyway Ealing has changed as of 4 Dec 2017 the residential roads off Churchfield Rd are now Zone K all day residents.    Shortly no residents will be able to park on Churchfield rd without paying but often space is now weekdays on side roads.    The proposed new roadway will REMOVE THE SPEED BUMPS in the current proposal.    New resident parking zones alterations K1 to K have removed short term free parking that supports local shops.    I understand resident opinions will be accepted till the 15th Jan 2018.This will hopefully reduce illegal pavement & double yellow line parking outside Sainsburys, Electrical, Plumbing & Paint merchant and increase trade for them plus, hairdressers, deli, butcher, charity, fishing tackle, Sainsburys, Heart n Soul, Bakeries etc..In this busy life we lead an email to LaffeyA@ealing.gov.uk & highwayservices@ealing.gov.co.uk would really help this area to save shops, slow traffic and generally make it a better environment to live in.Please say something like...To support our local businesses I would like see a short period of free parking to support local small businesses particularly along Churchfield Rd W3.To force traffic to adhere to the new 20mph limit with proper full width speed bumps.(If you are happy with the new resident zone changes then say..) Due to the revised resident zone K1 reverting to K, this has removed the essential short period free parking for Churchfield businesses, making Churchfield Road non resident parking isn't enough to support small traders.I realise some will disagree with some of my views but I would appreciate locals asking for vehicle speed restriction measures.Other problems about the Churchfield works is that they cut down the trees which were going to be replaced, only to find the new spot has a gas pipe, so no re-planting. The highway survey missed also the slop of the road which means the South side junction between pavement and parking bay has no proper gutter/drainage. The pavement shop fronts south side can't be completed re-paved this has created puddle areas, just wait till it's icy. I could go on!Well I'll get back to my lace curtain twitching!Sorry about the long post, there's a lot going on and going wrong.Kind regardsSusan x

Susan Witt ● 3169d8 Comments ● 3161d