Prompt Payment Code

If you pay promptly, then it’s a real benefit to your supplier and potentially to your customer as you could benefit too by receiving more favourable pricing terms which could make you more competitive.

The Code is being sponsored by a number of the major banks who want to actively support the Code and the positive effect it will have on business.

When you sign up to the Code, you are committing to:

Pay your suppliers on time and in line with the agreed terms
Have clear processes in place for your suppliers – making sure that they know what is required to ensure they can be paid on time (click to see the 'Treating Suppliers Fairly' guide)
Manage and resolve disputes as quickly as possible
Encourage your customers and suppliers to sign up to the Code

Once approved, you can use the PPC logo on your documentation and website to show that you are serious about good payment practice.

How do we know that others are as good as us?
Every organisation has to go through the same application process and, each May and November, we will review all Approved Signatories and request confirmation from their referees that they are still paying promptly. This will ensure the Signatory list has integrity and can be relied upon as a genuine indication of good practice.

How will we know we have been accepted?
Once we have received positive references, you will receive an email confirming your successful application together with the PPC logo. If there is a problem with your references, we will contact you.