Business: Billing

Department for Business, Energy and Industrial Strategy written question – answered on 16th March 2020.

Alert me about debates like this

Photo of Lord Mendelsohn Lord Mendelsohn Labour

To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 26 February (HL1665), what proportion of businesses who have signed up to the Prompt Payment Code have their (1) procurement and purchasing policy, (2) 'how to get paid' details, and (3) responsible board director, listed on the Prompt Payment Code website.

Photo of Lord Callanan Lord Callanan Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Data provided by the Chartered Institute of Credit Management states that (1) 6% of Code signatories (153 of 2,472) have provided their procurement and purchasing policy; (2) 49% (1,205 of 2,472) have provided their ‘how to get paid’ details; and 54% (1,329 of 2,472) have provided their responsible board director information for inclusion on the Prompt Payment Code website.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.