14 August 2009 | Jake Kanter
Brewery giant Carlsberg has extended the time it takes to pay suppliers to 95 days.
The UK arm of the Danish company was "named and shamed" by the Forum of Private Business (FPB) today for increasing its payment times from 62 days.
The FPB argued some vendors might have to wait up to 120 days for a bill to be settled because the extension applies from the end of the month in which an invoice is received.
The FPB's policy representative Matt Goodman said the increase was "incredible" and could mean suppliers are less willing to bid for future work.
Carlsberg said suppliers could dispute the terms if they wish.
"All suppliers' situations are reviewed in light of this extension, and if there is a business case made as to why these payment terms are not acceptable, we will then work with our suppliers to reach terms that are agreeable to both parties," a spokeswoman said.
The world's largest brewing firm Anheuser-Busch InBev and Guinness producer Diageo also extended their payment times this year (News 5 March).
Carlsberg became the third company to enter the FPB's "hall of shame" in the past two months, following construction firm Rok and IT company Northgate Information Solutions.