Representing almost a third of our third-parties, we supported these enterprises through the Coronavirus pandemic by targeting payment within 10 working days from invoice date. This was crucial in helping to protect their cashflow and survival.
It’s also why we’ve decided to maintain that target for the foreseeable future. This goes beyond the new reforms to the Prompt Payment Code, that pays businesses with less than 50 employees within 30 days, which we’re a signatory to.
We are proud to be Highly Commended by the Chartered Institute for Procurement and Supply, for our Procurement for Mutual Good programme in their 2020 annual excellence awards.