Frazer-Nash is delighted to be a Bronze Award recipient from the Fair Payment Code. Administered by the Small Business Commissioner on behalf of the Department for Business and Trade, the Fair Payment Code sets the standards for best practice in organisational payments.
The Bronze Award is given to organisations paying at least 95% of all invoices within 60 days. Fair Payment Code awards last for two years, with an opportunity of becoming silver and gold award winners in future.
Commenting as part of the announcement, Small Business Commissioner, Liz Barclay said: “I am delighted to congratulate our first Fair Payment Code Awardees. Paying suppliers fairly and quickly isn’t as easy as it sounds. For many, significant changes in processes have been required which have been costly but the will to do the right thing has prevailed. Thank you to you all and many congratulations.”
Jen Cloke, Finance Director, Frazer-Nash, said: “I’m proud to see Frazer-Nash recognised in this way – collaborating with small and medium enterprises is a frequent and important occurrence for us, as we provide technical expertise and innovative solutions to our clients.”
Representatives from Frazer-Nash will receive the award from the Small Business Commissioner at the upcoming Fair Payment Code Awards in London.
