On Jewson's terms
Published: 07 September, 2009
COVENTRY: In a statement today, Jewson sought to clarify it's position on payment terms. "In recent months we have reviewed arrangements with all of our suppliers, regardless of their size, to manage our own cost base and to deliver greater value for our customers in an increasingly competitive market," says the company.
"As the leading UK builders’ merchant, whose customer base primarily comprises small businesses, Jewson is very aware of the difficulties facing small firms and we are firmly committed to supporting our customers through these challenging times.
"In recent months we have reviewed arrangements with all of our suppliers, regardless of their size, to manage our own cost base and to deliver greater value for our customers in an increasingly competitive market.
"A number of our suppliers have been contacted with regard to becoming preferred suppliers to Jewson in return for improvements to our existing payment terms. It is the prerogative of all suppliers to decide whether or not to adopt preferred supplier status and the changes in payment terms, but many have found this arrangement to be beneficial.
"Jewson is, and remains sensitive to, the needs of all its supplier partners and is constantly seeking to work in partnership to mutual commercial advantage. This in turn will enable us to meet our customers' needs most effectively through measures such as the provision of credit facilities to support their businesses."