Published: Friday, 17th March 2017
Ballyclare has recently become a signatory to the Prompt Payment Code (PPC). The PPC sets standards for payment practices and best practice and is administered by the Chartered Institute of Credit Management.
Code signatories undertake to pay suppliers on time within the contract agreed terms, give clear guidance to suppliers and encourage good practice. Signatories also undertake to pay suppliers within a maximum of 60 days (in line with late payment legislation requirements), to work towards adopting 30 days as the norm, and to avoid any practices that adversely affect the supply chain.
Signing up to the PPC is another example of Ballyclare’s strong commitment to its Corporate and Social Responsibility goals as well as its ongoing drive to become a great company to do business with.