Good Enterprise Pays immediately introduced the appointment of Philip King as Non-Govt Director.

Based in 2021, Good Enterprise Pays campaigns to encourage giant companies to undertake quick fee processes. It’s now supported by monetary behemoths that embrace Mastercard, Barclays and Previse, in addition to the Federation of Small Enterprise, CBI, Institute of Administrators, Make UK and the British Chambers of Commerce.

In a profession spanning greater than 40 years Philip King relentlessly championed the reason for small companies as Interim Small Enterprise Commissioner and Chief Govt of the Chartered Institute of Administration (CICM). He has served as a board member for the Begin-Up Loans Firm, and was a Purple Tape Champion for Insolvency. He’s the creator of the ‘Managing Cashflow Guides’ and architect of the Immediate Fee Code for the Division of Enterprise, Vitality, and Industrial Technique (BEIS). He has labored intently with successive governments to champion best-practice credit score administration, tackling late fee, and supporting small enterprise.

Commenting on Philip’s appointment, Terry Corby CEO and Founding father of Good Enterprise Pays mentioned: “Philip’s huge expertise in enterprise and advising authorities on bettering fee practices will convey a wealth of data to us and assist us perceive one of the best methods to speed up Good Enterprise Pays’ capacity to exert stress on late and sluggish paying corporations. These poor practices put small companies in jeopardy, notably now as SMEs face unprecedented challenges from the cost-of-living disaster.”

Philip King mentioned: “Late fee have to be recognised for the harm that it causes to small companies and the UK financial system. I’m delighted to hitch the Board of Good Enterprise Pays to assist the marketing campaign’s efforts to drive the tradition change that’s so desperately wanted. After a protracted profession within the non-public sector and advising authorities, the problem stays a private {and professional} ardour.”

Good Enterprise Pays reported the names of greater than 70 of the slowest and newest paying corporations on 14 February 2023. Analysing knowledge from over 5,000 corporations from BEIS knowledge, it revealed UK companiesand sectors which take greater than three months to pay suppliers.