Fast Payer Awards 2023

Welcome to the Fast Payer Award Winners 2023

So here they are! This year, Good Business Pays is happy to say we have once again accredited nearly 300 companies with our Fast Payer Award.

In 2021, we identified the characteristics shared by Fast-Paying companies and found that they had strong values that were translated into concrete behaviours that brought their values to life.

So please look at these Fast-Paying companies and read what their leaders say about how important the supplier relationship is to them. 

Thank you to all our winning companies. You will find companies from all sectors and parts of the UK here, showing no matter what market you are in, there are good businesses everywhere with strong values and a brilliant payment culture. These are the good businesses that are keeping our small business economy thriving and growing.

Terry Corby, Founding CEO, Good Business Pays CIC

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We are delighted to recognise the following companies as current recipients of the Fast Payer Awards for 2023.

We define a Fast Payer as a business that pays suppliers in less than 30 days (on average) AND who also pay over 95% of their invoices on time, over a rolling 12 month period.

Source: Download of data on XXth October 2023 from the UK Government portal.

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“Amey recognises the important part our suppliers play in supporting service delivery. Over 80% of our suppliers are SMEs and we understand how vital prompt payment is, particularly to smaller businesses. We strive to make continuous improvements to our processes and communication with suppliers in order to pay as quickly as possible and are honoured by the recognition of this effort.”

Andrew Nelson, Chief Financial Officer, Amey

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At Barclays, we want to be a partner for growth and help businesses thrive. We understand how stressful and frustrating chasing late payments can be and how uncertainty around cashflow can prevent businesses from investing, growing, or even trading at all.

It’s, therefore, crucial that we pay our own suppliers on time, by following the principles of the Prompt Payment Code and providing guidance and products to help our business customers do the same.

We are thrilled that our efforts have been recognised by Good Business Pays with this award and look forward to continuing to raise awareness of the importance of prompt payments.

Hannah Bernard, Head of Business Banking, Barclays UK

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“Having started out life as an SME ourselves c10 years ago we think we have a great understanding of the issues that face small businesses.  Cashflow remains a key priority for many and that’s why we think that fast payment is just the right thing to do.”

Donald Kerr, Chief Executive Officer, Cambridge & Counties Bank

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“KPMG takes its commitments to the community very seriously, and we are pleased that the efforts we have bet in to ensure prompt payment of small businesses are yielding results for those businesses and helping them thrive.”

Simon Lampard, Finance Director, KPMG

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“Our purpose at Lloyds Banking Group is to Help Britain Prosper and we want to use our presence and scale to be a positive force in shaping the role finance plays. By ensuring our suppliers are provided with appropriate guidance on our payment procedures we can pay them efficiently and within the agreed terms. We recognise how much this supports the thousands of UK businesses that make up our supply chain.

“That is why we are delighted, once again, to be recognised in this key area via the Fast Payer awards for 2023.”

George Booth, Chief Procurement Officer, Lloyds Banking Group

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“With over half a century of history, we recognise the value of nurturing strong business connections. Ensuring timely payments to our suppliers in accordance with our agreements not only makes sound business sense but also demonstrates our commitment to empowering small businesses, consultants, suppliers, and contractors who play a pivotal role in our company and contribute significantly to the UK economy.

“I extend my appreciation to the Morson finance teams for their dedication, careful approach, and tireless efforts in maintaining processes for supplier payments, which are crucial to our continued success in 2023 and beyond.”

Paul Gilmour, Group Finance Director, Morson

“Outstanding delivery requires an efficient supply chain. We partner with our suppliers, and this includes timely payments as part of our core practices.”

Morgane Bre, CFO, MRM

“Small businesses need to focus on growth and their customers, not chasing payments, so it’s important that big businesses work hard to pay on time. The good news is that technology can make this much easier, from virtual cards to e-invoicing. We’ll keep working on solutions to help businesses pay and get paid, and are committed to paying our own suppliers promptly.”

Kelly Devine, President, UK&I at Mastercard

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“At NatWest Group, we understand the negative impacts of late payments on Small to Medium Enterprises (SMEs) and supply chains, especially during the cost of living crisis. Our standard payment terms are 30 days, but we are committed to paying our suppliers promptly for the services that they provide to us, and being transparent about our payment procedures.

“As the largest supporter of UK businesses, we are proud to have been awarded the Fast Payer Accreditation by Good Business Pays for the third consecutive year. We will continue to champion the potential of SMEs and better support our suppliers through early payment.”

Matthew Kennett, Director of Productivity, Property and Supply Chain, NatWest Group

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“We are delighted to have once again been recognised and accredited as a Fast Payer. Our suppliers are a critical part of our ecosystem, and paying on time is a fundamental principle of our relationships with them that are based upon trust, transparency and always ‘doing the right thing’. “
Andy Platt, Chief Financial Officer, Pizza Hut

“We are proud to be recognised by “Good Business Pays” and receive a Fast Payer Accreditation Award.

As the UK’s largest independent lessor, being prompt payers of our valued suppliers is at the heart of our operation, is fundamental to building sustainable relationships and goes hand in hand with our core purpose of ‘providing innovative and sustainable financial solutions’.

“Prompt payment is not only essential to the survival of small businesses but also inspires the confidence for those same businesses to invest and so drive economic growth.”

Anthony Hartis, Finance Director, PEAC Business Finance Limited

“We know how important it is to pay bills on time, especially for small businesses, and we are really proud of our team for the high standards they work to”.

Sarah Church, Chief Executive, Phyllis Tuckwell

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“As a company deep rooted in “core values”, Reed & Mackay make every effort to ensure our suppliers are paid promptly.  We therefore are delighted to have been recognised with a Fast Payer Accreditation Award.

“The Finance team work tirelessly to ensure that Payments are made as a priority, to allow a seamless travel experience for our clients.”

Guy Bennett, Global Finance Director, Reed & Mackay

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Anna Pinckernelle headshot

“We are delighted to receive the Fast Payer award second year running, as it highlights our commitment to paying our suppliers promptly.
Delivering on our premium strategy, we recognize that timely payments fortify trust, strengthen partnerships and enable successful long term collaborations”

Anna Pinckernelle, Head of Marketing & PR, Sixt

“As an employee owned business we aim to use local suppliers and contractors as much as possible. We understand the importance of cashflow to small businesses and our accounts payable team do whatever they can to ensure the fast settlement of their invoices. It is great that the team have been recognised for their efforts with a Fast Payer Award”

Gareth Morgan, Chief Financial Officer, Shaw Healthcare

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“I am very pleased to hear that we have again been recognised as a fast payer. As a distributor, maintaining strong relationships with our suppliers is vital for the success of our business; we have always strived to be a trustworthy and reliable partner, paying promptly goes a long way towards demonstrating that.”

Tim Griffiths, Managing Director, Tennants Distribution

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“We at Vaultex recognise the importance of cash-flow to our supply chain and in particular the SMEs within it. Our small Accounts Payable team are pro-active in their approach to query resolution ensuring there are no un-due delays in our suppliers receiving payment. The service our suppliers provide to Vaultex is essential in supporting the service we then provide to our Shareholder Banks and their customers – with prompt payment being at the core of the businesses values of doing what we say we will, when we say we will.”

Dan Sisson, Chief Financial Officer, Vaultex

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“whg understands that making prompt payments to our suppliers is a fundamental financial responsibility. It helps to foster trust and strengthen business relationships. Making timely payments is testament to our integrity and demonstrates our commitment to our partners”.

Martin Taylor, Director of Finance (Financial Reporting), whg

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