Good Business Pays has reported that only 5% — 1% fewer than in 2023 — of the 5,367 UK’s largest companies that report payment terms have qualified for its 2024 Fast Payer Award (i.e., big businesses that have paid at least 95% of invoices on time and within twenty-seven days or less). Furthermore, only 21.8% are signatories of The Prompt Payment Code. Terry Corby, CEO of Good Business Pays CIC, commented: “We expect the new Government to introduce legislation in 2025 requiring large companies to publish their payment record in their annual reports. When that happens, we will see the payment records of thousands of companies that don’t currently report. Only then will the true picture of Britain’s B2B payment culture become clear.” To read Good Business Pays’ news release, go to https://goodbusinesspays.com/posts/275-companies-receive-fast-payer-award/.