The SFA issued a press release on 5 September on the official launch of the SFA National Small Business Awards 2018 by Awards Patron, An Taoiseach, Leo Varadkar TD.
Getting paid on time
An article in the Irish Times and in The Fresh Plaza on 29 August reported that German retailer Aldi is reducing the time it takes to pay its small suppliers to 14 days. The new terms, effective as of 11 September, will apply to 100 or so suppliers that transact up to €300,000 worth of business annually with Aldi. The SFA were referenced in these articles that on average it takes 62 days for a small firm to get paid, even though the majority of contracts offer credit terms of just 30 days.