McNicholas Construction Services, part of the Kier Group, has been reinstated to the Prompt Payment Code, having been suspended more than a year ago, on 2 November 2019.
McNicholas was suspended at the same time as other Kier businesses, after failing to pay suppliers within a 60-day window. Following McNicholas’s return to the Code, all have now been reinstated.
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.”
Andrew Davies, chief executive at Kier Group, said: “This achievement is testament to the hard work of teams across the Group. It shows our commitment to growing and maintaining relationships with our supply chain, many of whom are long-standing partners of Kier.
“We acknowledge, that this year it has been more important than ever to pay our suppliers in a timely manner. We will remain committed to further improvements in our payment practices, allowing us to continue working with the best supply chain partners.”
