Pay on Time. The Complete Guide to the
Late Payment of Commercial Debts (interest) Act 1998

One of the new features of this website is the improved Payontime supporters section. Here you will find thousands of businesses from different sectors who support paying on time and being paid on time. So if your a company looking for a service, or you are a supplier looking for new clients that support prompt payment, the Payontime supporters section is a good place to start.

You can view companies by Sector, Alphabetically or by using the search facility. Need to find a businesses near your location? Go to search for a company and click on extended search. You can now choose the type of business you are looking for, add your post code and enter a radius distance from your location. The search results will show all of the businesses located within that radius with their address and website details.

Professor Nicholas Wilson, Director of  the Credit Management Research Centre, has agreed to bring his considerable expertise to the Payontime website.

Highly regarded as the leading expert in his field, Professor Wilson's work is regularly referred to in government publications, the House of Commons, and the Press, TV and Radio. Recent studies have been reported in the ‘Economist’, ‘Wall Street Journal’, New York Times’, ‘Financial Times’, ‘The Times’, ‘The Observer’ and professional magazines. He has presented key note speeches, papers and seminars at Credit Conferences across Europe, the US, South America, Australia and the Far East.

He recently collaborated with Business Environment and Regulatory Reform (BERR formerly DTI) on an evaluation of late payment legislation in the UK, 1997-2007 and the NAO on a study of the collection and recovery of tax debt.

Nick will help in preparing surveys and web polls related to late payment and credit management. He will assist on the forum in answering questions

Learn more about the Credit Management Research Centre and the work of Professor Nick Wilson.

This websites mission is:

1. To promote good payment practice amongst all UK businesses and organisations, including increasing awareness of the commercial and ethical benefits for all businesses of paying suppliers promptly on agreed terms.

2. To produce information and guidance on use of the late payment legislation and on the issue of prompt payment.

3. To maintain a programme of measures that promote a better payment culture, that is supported by the business community.

The Better Payment Practice Group was formed in 1997 as a partnership between the public and private sectors. Its aim was to improve the payment culture of the UK business community and reduce the incidence of the late payment of commercial debt. This was achieved through the delivery of a package of measures, including:

• A Better Payment Practice Code, outlining the principles of good payment procedures, combined with a logo which businesses will be able to use if they adopt the Code, accompanied by a major campaign to highlight the economic reasons for paying on time.
• Support for the publication of private and public sector payment performance tables.
• An extensive education campaign to help businesses with late payment problems, including free guides on credit management, a website with credit management and debt recovery information and a national seminar programme on credit management.
• Promoting awareness of the Late Payment Legislation.

In August 2008, and with the Governments approval, an agreement was reached to keep the website online so businesses continue to have access to a useful resource of information and tools related to the Late Payment of Commercial Debts (Interest) Act 1998