Ganymede Sign Up to Prompt Payment Code (PPC)

By Ganymede

We are delighted to announce that Ganymede have signed up to the Prompt Payment Code (PPC).

The PPC is a voluntary code of practice for businesses, administered by the Office of the Small Business Commissioner (SBC) on behalf of BEIS. It was established in December 2008 and sets standards for payment practices between organisations of any size and their suppliers.

As a signatory Ganymede have undertaken to:

1) Pay suppliers on time
  • within the terms agreed at the outset of the contract

  • without attempting to change payment terms retrospectively

  • without changing practice on length of payment for smaller companies on unreasonable grounds

2) Give clear guidance to suppliers
  • providing suppliers with clear and easily accessible guidance on payment procedures

  • ensuring there is a system for dealing with complaints and disputes which is communicated to suppliers

  • advising them promptly if there is any reason why an invoice will not be paid to the agreed terms

3) Encourage good practice
  • by requesting that lead suppliers encourage adoption of the code throughout their own supply chains

Get In Touch

For more information about how we can support your business, please get in touch today by filling out the contact form below.