Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government which businesses have been removed from the Prompt Payment Code due to non-compliance.
Since the Government announced its new tough and transparent compliance regime for the Prompt Payment Code, 66 businesses have been suspended from the Code while 34 of those have subsequently been reinstated, having committed to improve their treatment of suppliers, thus demonstrating compliance. The improved payment practices of those businesses who were suspended and reinstated demonstrates the effectiveness of the Code in positively changing payment behaviours.
A full list of companies can be found within the related press releases on the website of the Chartered Institute of Credit Management.