Prompt Payment Code

We are pleased to announce that we have signed up to the Prompt Payment Code, furthering our commitment as a business to pay every supplier on time every time.

The Prompt Payment Code sets the gold standard in payment terms and plays an important role in bringing about a culture change in payment practices.

As a signatory we undertake to

• pay suppliers on time, within agreed terms;
• give clear guidance to suppliers on terms, dispute resolution and prompt notification of late payment;
• support good practice throughout their supply chain by encouraging adoption of the Code.

Our current average supplier payment days, on a 12-month rolling basis, is 28 days from invoice date to payment date. This is in-line with our own internal benchmark of 28 days and compares favourably against the wider industry and UK average.

At Stonebond, paying our supply chain on time every time is one of our core values and we are delighted to affirm our commitment to our suppliers, who in-turn all play a vital role in our continued success.