Monday 4th January, 2021
McNicholas Construction Services Ltd has returned as a signatory of the Prompt Payment Code (PPC). This is the final Kier business to be reinstated as a signatory of the PPC.
McNicholas Construction Services Ltd was suspended from the Code on 2nd November 2019, alongside other Kier entities, after failing to meet key requirements around the payment of suppliers within a 60-day window, according to the PPC. Kier subsequently worked across the Group to remodel finance and payment processes, including a major commitment to the quicker payment of small business debtors.
Following the integration of these changes, the return of McNicholas Construction Services Ltd as a code signatory marks the completion of Kier’s work to move all of its entities on to Prompt Payment Code eligibility status.
Interim Small Business Commissioner Philip King said: “It’s extremely satisfying to see McNicholas Construction Services Ltd return as a signatory of the Prompt Payment Code. Over recent months I have worked closely with Kier to meet its ambition of overall business compliance with the Code, and it’s satisfying to see these efforts pay off on behalf of UK small businesses.
“Work that my staff and I continue to do, in order to make Code membership the default payment standard for large businesses to adhere to in the UK, is borne out by the commitment we see from Kier today. We will continue to advocate for small business owners across the UK and work to ensure that large businesses maintain a clear cashflow to their small business supply chain.”