Total Gas & Power
Total Gas & Power is a business energy supplier, wholly owned by Total SA. It has been a leading business ...Read More
The number of small and medium-sized (SME) food suppliers experiencing financial distress has more than doubled in 12 months, according to Begbies Traynor’s Red Flag Alert report for Q1 2015.
The research, which monitors the financial health of UK companies, found that supermarkets’ turnaround strategies, generally involving slashing prices and delaying payments, is piling pressure on the smaller businesses that supply them. Begbies Traynor warned that SME food suppliers are “being flattened by this new savage landscape in the UK retail food industry”.
“[M]ass price reductions have severe consequences for less established food retailers and suppliers, particularly SME’s, who now seem to be locked in a David and Goliath-style battle; although this time it appears David can’t win,” said partner and retail expert at Begbies Traynor Julie Palmer.
Last-minute order cancellations, overzealous cosmetic specifications and the rise of discounters such as Aldi and Lidl, which import much of their stock, may see struggling UK suppliers squeezed even further, Palmer warned.
“The introduction of the Prompt Payment Code and the powers given to the groceries code adjudicator to fine supermarkets in breach of the Grocery Supply Code of Practice have only had a minimal impact, and these latest Red Flag figures indicate that they may simply be too little too late for many in the SME supply chain.”
Bleak short- and medium-term growth prospects mean that smaller UK food suppliers must urgently look to cut costs wherever possible. Energy bills remain a significant expense and, as other issues have been prioritised, many businesses are needlessly paying too much.
SwitchMyBusiness.com offers a straightforward solution, cutting bills by up to 70%, with exclusive supplier rates. Thousands of businesses have already saved an average of £747 per switched meter with a call that takes less than five minutes.
For an impartial expert option on which energy supplier is best for your business, fill in the form at the top right of this page or call 0800 411 8830
thank you nicole for your kind help to…
"thank you nicole for your kind help to set up my business electric account fantastic service and your personal touch thank you"This review was posted by Sam Raju on the 19th of February 2018
Aaron Gallagher recently helped me…
"Aaron Gallagher recently helped me switch the gas and electricity supply for our business. He was extremely helpful and well informed which was great for me as I know nothing in this area! He saved us a small fortune and dealt with all of the switch for us which again was extremely helpful as it wasn't completely straightforward. Thanks again for you help Aaron, it was so appreciated."This review was posted by Rachel on the 17th of February 2018
A better deal for our Village Hall
"I recently used this company to get a better energy deal for our local village hall. Other companies were quite pushy but Lorraine and Bhavni from SwitchMyBusiness were much more professional. They sent me useful information by email enabling me and the village hall committee to make a decision about which supplier to use. The switch was done by phone and when the energy provider sent the paper work to the wrong address Bhavni sorted it out straight away. I saved over £1000 for the charity."This review was posted by Irene Winter on the 16th of February 2018
"Lorraine was great and very helpful. We negotiated and received a good deal on our supply."This review was posted by Edwina Nash on the 16th of February 2018
The SME Personal Switcher
"The SME Personal Switcher, Lorraine Carey was really helpful."This review was posted by Cross Fabrications on the 16th of February 2018