It can take 90 days or more for a small business to get paid by larger corporates. The Good Business Pays campaign is calling on small businesses to help by joining the movement, and large corporates to support their suppliers by providing day one payment solutions.| goodbusinesspays.com
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 positive 394 companies reporting average payment times of 15 days or less, with well-known names from across most sectors reporting fast payment times. Fastest Paying...| goodbusinesspays.com
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 that raises big questions about the accuracy of payment data and therefore the authenticity of payment data reported by companies as part of their statutory... The post Major flaws exposed in latest UK business payment data appeared first on goodbusinesspays.com.| goodbusinesspays.com
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 (PPR) regime show an encouraging downward trend every year since 2021. This is particularly encouraging to me, as Good Business Pays started our campaigning work...| goodbusinesspays.com
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 Corby CMgr CCMI collecting the Gold Award last night from Liz Barclay, the Office of the Small Business Commissioner. The post Good Business Pays Awarded GOLD By Fair Payment Code appeared first on goodbusinesspays.com.| goodbusinesspays.com
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 number of companies delaying payments beyond 100 days reaching an all-time high. The Spring Watchlist, which examined over 6,000 companies’ payment performance, is the first... The post Slow payments on the rise appeared first on goodbusinesspays.com.| goodbusinesspays.com
Only 5% of companies qualify to be fast payers In the weeks following the new government’s commitment to “tackle the scourge of late payments” Good Business Pays has named the 275 companies to be awarded its prestigious Fast Payer Award 2024, which recognises companies that have demonstrated the best payment performance to their suppliers over... The post 275 COMPANIES RECEIVE ‘FAST PAYER AWARD’ appeared first on goodbusinesspays.com.| goodbusinesspays.com
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. It is now supported by financial behemoths that include Mastercard, Barclays, Natwest Group and Intuit, as well as the Federation of Small Business, CBI, Institute... The post former Cabinet Office Small Business Crown Representative APPOINTED Non-Executive Director appeared first on g...| goodbusinesspays.com
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 global resilience, creativity, and hard work of small business owners and entrepreneurs. Often described as the backbone of our business community, they’re the heart and... The post World micro, small and medium sized enterprises day appeared first on goodbusinesspays.com.| goodbusinesspays.com
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 worked hard over the past four years to shine a light on the payment behaviour of the UK’s biggest companies, whether good or bad. In... The post Payment Practices: From Secrecy to Openness appeared first on goodbusinesspays.com.| goodbusinesspays.com
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 Pays. Technology and communications sectors, on the other hand, stand among the best when it comes to settling invoices on time. The data, which was... The post HOSPITALITY AMONG UK’S WORST SECTORS FOR PAYMENT PRACTICES appeared first on goodbusinesspays.com.| goodbusinesspays.com