Home > Uncategorized > Has the Late Payment Code worked?

Has the Late Payment Code worked?

Question was posed on a forum and Philip King of the ICM was ready with an interesting response

The only data I have on this was produced by Experian in December 2012 and said: The data indicates that PPC has had a positive effect on payment times. Experian reviewed the difference between the average payment times of signatories and non-signatories to the Code over each of the last four years. It found that on average those who had signed up to the Code paid five days earlier that those who had not. Furthermore, there has been a sizable improvement over the period amongst PPC signatories who now pay 12 days quicker than in December 2008. 

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