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…
News
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…