In this Insight, first published in PLC, Jennifer Badham discusses various attempts to address late payments and long payment terms that are a common problem in construction industry supply chains, ...
Bacs Payment Schemes Limited (Bacs), the organisation behind Direct Debit and Bacs Direct Credit, has announced a working partnership with the Institute of Credit Management (ICM) to drive further ...
London Heathrow is calling on major UK corporates to commit to paying suppliers on time by joining the airport in recommitting to the Prompt Payment Code. Heathrow has a long track-record of ...
With so many SMEs facing uncertainty during the pandemic, the overhaul of the Prompt Payment Code (PPC) should come as a much-needed lifeline. Currently, there is £23.4 billion worth of late invoices ...
Following the announcement of new measures to support the Prompt Payment Code, (PPC) Samantha Hurley, Operations Director at APSCo said: “We are very encouraged by the news that Margot James, Minister ...
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What is the Fair Payment Code?
Late payments are a pervasive and costly issue for small businesses. Alongside relying on a sturdy cashflow forecast, there are other steps business owners can take to address the late payment crisis, ...
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