Freight News, Road

Bullet Express boss has bright idea for business

[ October 1, 2015   //   ]

Bullet Express boss David McCutcheon has written to Parliamentary Under-Secretary of State for the Department for Business, Innovation and Skills Baroness Neville-Rolfe and Edinburgh West MP Michelle Thomson and Shadow Secretary of State for Business Angela Eagle, suggesting a new payment grading system for larger companies. McCutcheon, who is managing director of the forwarding and logistics company based near Glasgow, suggests that companies could be awarded a letter grading depending on how quickly they settled their bills.
He complains that dealing with larger companies “is a constant nightmare as they bully you into various ways of trading” and have lately extended credit terms to 120 days in some cases.
He adds: “Companies use every excuse in the book to hold payment including holding payment pending a credit or queries which they don’t tell you about till the cash is due.”
In his letter to the MPs, David McCutcheon said he has already approached former business secretary Vince Cable with the idea, “and was not even given the courtesy of a meeting.”
Michelle Thomson until recently served as the SNP Business, Innovation and Skills spokesperson until she resigned following a probe into alleged irregularities in her property dealings.