Our CEO, Julie Lilley, is challenging firms to sign up to the #FairPaymentCode.

The Small Business Commissioner's work to tackle the issue is vital, with over 60% of firms experiencing late payments last year.

More in @imagesmaguk.bsky.social 👇

www.images-magazine.com/challenging-...

The #FairPaymentCode is independently assessed - the Small Business Commissioner's Office can help with outstanding issues.

Over 50% of those surveyed (webinar) said the #FairPaymentCode Gold Standard would boost their reputation & enhance trust. #construction

About 75% of those surveyed (webinar) said paying invoices within 30 days was their biggest challenge to teaching #FairPaymentCode Gold Standard. #construction

We’ve earned gold!🏅

We’re thrilled to announce we’ve received the Gold Award for the Fair Payment Code! This recognition highlights our commitment to prompt, fair payments and doing business the right way 🙌

#FairPaymentCode

We are delighted to announce that we are a Fair Payment Code Awardee! We received the Gold Award🌟, which recognises that we pay 95% of our invoices within 30 days. This reinforces our commitment to maintaining strong and fair payment practices.💸 #FairPaymentCode

The Government's new #FairPaymentCode is a major step forward, helping to recognise the good payment practices of big businesses ⏳

A move that is pro-business and pro-growth, FSB's @craigbeaumont.bsky.social told @politico.eu's London Playbook 👇

www.politico.eu/newsletter/l...

📑 The #FairPaymentCode will work alongside new laws to empower audit committees in large firms to oversee payment practices within their business, and require them to report on these payment practices in their annual reports.

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🤝 The #FairPaymentCode vastly improves upon the Prompt Payment Code that it replaces, with signatories needing to re-apply every two years to remain a signatory and maintain their Fair Payment Code association - an indicator of good practice to all current and future small suppliers.

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⏰ FSB believes that all small suppliers should be paid within a maximum of 30 days. The #FairPaymentCode provides a benchmark for all large businesses to meet, and strive to exceed.

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💭 The #FairPaymentCode is a significant step towards promoting big businesses doing their bit to support the small firms in their supply chains by paying them quickly, proactively, and without invoice-chasing.

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🆕 The new #FairPaymentCode, launched today by the Small Business Commissioner on behalf of the Department for Business and Trade, is a major development that FSB is proud to have helped deliver.

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