FASTEST AND SLOWEST PAYERS IN JULY 2025
July and December are the two months when we see the largest number of companies reporting how long they are taking to pay their suppliers. July 2025 sees a very…
News
Major flaws exposed in latest UK business payment data
Serious questions raised about reported payment practices Good Business Pays has been reporting on the payment practices of large companies for the past four years, but today reveals new research…
UK Payment Practices Are Improving – But Who’s Leading the Charge?
Terry Corby, Founder & CEO, Good Business Pays April 2025 In comprehensive analysis carried out by Ernst & Young (EY), the latest insights from the UK’s government-mandated Payment Practices Reporting…
Good Business Pays Awarded GOLD By Fair Payment Code
Good Business Pays has been named as a GOLD awardee by the Fair Payment Code for paying 100% of our suppliers in under 30 days! Here is our CEO/Founder Terry…
Slow payments on the rise
Good Business Pays unveils its Spring 2025 Late & Slow Payment Watchlist New research from Good Business Pays reveals a concerning increase in slow payments among UK businesses, with the…
275 COMPANIES RECEIVE ‘FAST PAYER AWARD’
Only 5% of companies qualify to be fast payers Only 5% of the 5,367 UK’s largest companies that report payment terms have qualified for the 2024 Fast Payer Award from…
former Cabinet Office Small Business Crown Representative APPOINTED Non-Executive Director
Good Business Pays today announced the appointment of Martin Traynor OBE as Non-Executive Director. Founded in 2021, Good Business Pays campaigns to encourage large businesses to adopt fast payment processes.…
World micro, small and medium sized enterprises day
Today, we’re joining in the celebration of World Micro, Small, and Medium-sized Enterprises (MSME) Day. First declared by the United Nations in 2017, MSME Day shines a light on the…
Payment Practices: From Secrecy to Openness
Terry Corby, Founder & CEO, Good Business Pays I often talk about payment culture as how a company behaves when you aren’t looking, and at Good Business Pays we have…
HOSPITALITY AMONG UK’S WORST SECTORS FOR PAYMENT PRACTICES
As featured in Dine Out Magazine Hospitality and food-related industries are among the UK’s worst when it comes to paying suppliers on time, according to a new analysis by campaigning group Good Business…
Research shows Selby District Council is one of the UK’s best-paying local authority
New research by Good Business Pays exposes the payment performance of several local authorities and Local Authority Trading Companies (LATCs) New research by the campaigning group Good Business Pays has…
Research exposes Norfolk County Council-owned Norse Group as one of the UK’s worst-paying Local Authorities Trading Companies
New research by Good Business Pays exposes the payment performance of several local authorities and Local Authority Trading Companies (LATCs) New research by the campaigning group Good Business Pays has…
Research shows Falkirk Council as one of the UK’s best-paying local authorities
New research by Good Business Pays exposes the payment performance of several local authorities and Local Authority Trading Companies (LATCs) New research by the campaigning group Good Business Pays has…
Research exposes Cornwall Council-owned Corserv as one of the UK’s worst-paying Local Authorities Trading Companies
New research by Good Business Pays exposes the payment performance of several local authorities and Local Authority Trading Companies (LATCs) New research by the campaigning group Good Business Pays has…
Research shows Ceredigion County Council is one of the UK’s best-paying local authorities
New research by Good Business Pays exposes the payment performance of several local authorities and Local Authority Trading Companies (LATCs) New research by the campaigning group Good Business Pays has…
NEW PARTNERSHIP WITH COMPANY WATCH
Good Business Pays and Company Watch partner to provide unique insights on payment performance Today, campaigning group Good Business Pays and financial risk solutions provider Company Watch announce a new partnership…
Research reveals an increase in average payment days for small and medium businesses
New research by the campaigning group, Good Business Pays, has revealed the companies with the poorest payment performance in the last six months. The Good Business Pays Late & Slow…
INTUIT QUICKBOOKS CALLS TIME ON LATE PAYMENTS AND BECOMES A GOOD BUSINESS PAYS SUPPORTER
Intuit QuickBooks becomes the first global financial technology company to pledge its allegiance to the Good Business Pays campaign New alliance calls for faster payments to support small businesses, as…
Eight Serial Fast Paying Companies get Good Business Pays Excellence Award
Yesterday Good Business Pays CIC invited nine companies to join us at FSB Westminster to special event. These companies have been paying their suppliers both FAST and ON-TIME for as long as reporting records…
If HMRC can penalise late payment…
Author: Natalie Orringe, NED Good Business Pays; Founder, Strategy & Impact The tax self-assessment deadline is a date remembered by every small business owner. Whether you’re a person that submits…
Good Business Pays research finds nearly a third of Local Authorities pay more than 10% of invoices late
5 pay more than 50% late and 73 do not measure late payment. Local Authority Trading Companies demonstrate far worse payment performance. For example, Norfolk County Council reports paying 96% of…
Good Business Pays calls for transparency as new report shows late payments may be early warning sign of financial problems
Campaigning organisation Good Business Pays is calling for greater transparency of company payment performance for investors and company directors, as it released a report that unmasks the shocking payment culture…
New Business Magazine
An article by our Founder and CEO Terry Corby in the latest edition of New Business Magazine is here.
Natalie Orringe appointed as Non-Executive Director
Small business champion Good Business Pays today announced the appointment of Natalie Orringe as Non-Executive Director. Natalie is an award-winning senior leader with a career spanning public, private and the…
Good Business Pays appoints Wilfred Emmanuel-Jones, The Black Farmer, as Non-Executive Director
Good Business Pays today announced the appointment of Wilfred Emmanuel-Jones MBE as Non-Executive Director. Founded in 2021, Good Business Pays campaigns to encourage large businesses to adopt fast payment processes.…
Good Business Pays appoints former Small Business Commissioner Philip King as Non-Executive Director
Good Business Pays today announced the appointment of Philip King as Non-Executive Director. In a career spanning more than 40 years Philip King relentlessly championed the cause of small businesses…
In The News
There has been very encouraging momentum in the movement to tackle the scourge of late and slow payments. Alexander von Schirmeister, Managing Director UK & EMEA at Xero, highlighted the…
Businesses Urged To Tackle Late Payments To Help Small Businesses Grow
Mastercard pledges further support for small businesses and Good Business Pays Campaign through its Strive UK programme Businesses must tackle late payments to unlock growth for the UK’s small businesses,…
ONLY 5% OF COMPANIES RECEIVE ‘FAST PAYER AWARD’
Only 5% of the 5,158 UK’s largest companies that report payment terms have qualified for the 2022 award from Good Business Pays.The award recognises big businesses that pay at least…
How do Companies behave when you aren’t looking?
By Terry Corby, CEO, Good Business Pays CIC Last year, we identified just over 100 companies that were doing a great job at paying their suppliers fast and on time.…
Who Knew That Accounts Payable Was Such An Engaged Community?
The Landsec Team at the Accounts Payable Association 2022 Conference Last week, we had the privilege of being asked to attend the Accounts Payable Association 2022 Conference in Birmingham. I…
“Shrinkflation” in your shopping basket spells problems for the supply chain
Examples of “shrinkflation”, in which products reduce in size but stay the same price or even get more expensive, are becoming more familiar in the Food & Beverage as well…
BARCLAYS BANK JOINS GOOD BUSINESS PAYS
BARCLAYS BANK JOINS GOOD BUSINESS PAYS TO HELP BRITAIN’S SMALL BUSINESSES GET PAID FASTER •Barclays becomes the second of the UK’s “Big Four” banks to sign up to the Good…
What percent of invoices paid late is acceptable?
At Good Business Pays, we are on a crusade to stop small and medium-sized businesses having to wait longer than they should to get their invoices paid. This is a problem that has existed for many years.
Four FTSE companies receive “Fast Payer Award”
Only four of the UK’s FTSE 350 companies – Michael Page; United Utilities Water; Aviva and Severn Trent Water – have qualified for the new award from Good Business Pays.The…
FTSE 350 companies taking up to 132 days to pay small suppliers
Well known companies including Tui, Diageo, Coca Cola and Rolls Royce are amongst the slowest in the FTSE 350 to pay their small suppliersCompanies currently take an average of 37…
GoCardless joins Good Business Pays to help Britain’s small companies get paid faster
GoCardless, a leading fintech in bank-to-bank payments processing over $20 billion in payments each year, has become one of the first companies to sign up to support the Good Business Pays campaign.
Faster payment could unlock an extra £60bn of revenue for British Small Businesses
New research finds £40bn – £60bn of additional revenue could be unlocked for small businesses if their large customers paid them on receipt of invoices.Instant payment could also help small…
New campaign to end late payment and boost recovery backed by UK business groups and government
Campaign calls for prompt payment drive to underpin economic recoveryNew online tool gives small businesses information about large company payment performanceSmall Business Minister backs campaign The Good Business Pays campaign has launched…