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<\/p>\nFRC Group have signed up to a Government initiative, the Prompt Payment Code which is viewed as the gold standard for payment practices.\u00a0 It means that they pay 95% of small business supplier invoices within 30 days or according to agreed payment terms if less so treat them fairly.\u00a0 They also commit to pay 95% of all invoices (from large and small suppliers) within 60 days.<\/p>\n
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From their customers\u2019 perspective, it gives them confidence that FRC Group adopt good practice within their supply chain and shows that FRC share the same values as them, as many of their customers are now also signed up to the Code.<\/p>\n
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Finance Director, Tony Rowan commented:<\/strong><\/p>\n <\/p>\n \u201cAs a small but rapidly growing organisation ourselves, we know the importance of receiving timely payment from customers and always try to pay our own suppliers on time, particularly small suppliers.\u00a0 We recognise the important role our suppliers play in enabling us to deliver our services and this partnership approach has contributed significantly to the growth we\u2019ve experienced in recent years.\u00a0 As a result, we are pleased to sign up to the Prompt Payment Code and in doing so, demonstrate the value we place on our suppliers and our commitment to making prompt payment.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" FRC Group have signed up to a Government initiative, the Prompt Payment Code which is viewed as the gold standard for payment practices.\u00a0 It means that they pay 95% of small business supplier invoices within 30 days or according to agreed payment terms if less so treat them fairly.\u00a0 They also commit to pay 95% […]<\/p>\n","protected":false},"author":3,"featured_media":1766,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised"],"acf":[],"yoast_head":"\n