WIP Quindell PSD acquisition, page-375

They are high. $348m of those were inherited from PSD. That is why I'm wondering if a disproportionate amount of cash has gone on payables this half. With the inevitable disruption from purchase it is likley a large number of those creditors were outside or approaching the limit of terms.

While working creditors to the limit, it is not wise to totally alienate them. A good working relationship could be the price paid for prompt settlement of creditor bills.