PERSIMMON HOMES, GALLIFORD Try and John Sisk are among a number of construction sector companies reinstated to the Prompt Payment Code.
In its most recent update, 11 companies have been suspended from the code, two without an action plan.
The businesses reinstated are:
- British Sugar Plc
- Balfour Beatty Group Limited
- Engie Services Limited
- Ferrovial Agroman (UK) Limited
- Fujitsu Services Limited
- John Sisk & Son Limited
- Kier Construction Limited
- Kier Infrastructure and Overseas Limited
- Galliford Try Plc
- Laing O’Rourke
- Persimmon Homes Limited
- Smith & Nephew UK Limited
- T.J. Smith & Nephew Limited
- Vodafone Limited
The Chartered Institute of Credit Management Chief Executive Philip King, who chairs the Prompt Payment Code’s Compliance Board, and was recently appointed to the role of interim Small Business Commissioner said: “All 14 businesses have demonstrated a substantial improvement in payment performance that warrants re-instatement to the Code.
“Since the policy was changed in 2019 to begin naming those who had failed to honour their Code commitments, 55 businesses have been suspended and 26 re-instated, including the 14 announced today.
“We will continue to challenge signatories to the Code if the obligatory Payment Practice Reporting data suggests that their practices are not compliant. We are encouraged by those who have already submitted action plans to achieve future compliance, and we are working closely with those businesses to support a better payment culture.”
The companies suspended from the code are
- BAE Systems (Military Air) Overseas Limited
- BAE Systems (Operations) Limited
- Cereform Limited
- F M Conway Limited
- Leonardo MW Limited
- Macdonald Humfrey (Automation) Limited
- Rhodar Limited
- Sita Information Networking Computing UK Limited
- Smiths Detection
In addition, Bottomline Technologies Limited and Shell U.K. Limited have been suspended without having submitted an action plan.
Small Business Minister Kelly Tolhurst said: “A growing number of businesses have signed up to the Code, a great sign that we are starting to change the culture of late payments.
“It’s encouraging to see businesses reinstated after improving their practices, but we’ll continue to clamp down on late payment to support small businesses that are exploited by their larger partners.”