We’ve signed up for the Prompt Payment Code (PPC)

22 January 2024

Prompt Payment Code (PPC) logo

 

 

We’re proud to have recently signed up for the Prompt Payment Code (PPC), an initiative administered by the Small Business Commissioner on behalf of the Department for Business and Trade (DBT).

The Prompt Payment Code is a voluntary code helping to set a precedent for best payment practices for businesses and organizations.

In joining the Prompt Payment Code, we have committed to:

  • Paying our suppliers on time
  • Giving clear guidance to suppliers
  • Encouraging good practice
  • Paying 95% of all invoices within 60 days
  • Paying 95% of all invoices within 30 days where the supplier is a small business with fewer than 50 employees
  • Avoiding any practices that have an adverse effect on the supply chain

In 2023/24 to date, we have paid 78% of invoices within 30 days and 99% of invoices within 60 days.

About the Veritau Group

Veritau is a local government owned company providing assurance services to over 600 public sector clients. This includes:

To find out more about our company, click here.