The Payment Practice Regulation (PPR) reports have now been published since November 2017. The first reports were based on the performance of large companies for the six months to 31 October 2017. In May 2018 we saw reports from this first batch of companies for a second time, based on their performance for the six months to 31 April 2018.
This first batch of follow up reports shows these same companies have made no progress in reducing late payments since they first reported.
These results suggest the PPR, which was designed to ‘shine a spotlight on bad payment practice and lead to improved standards’, is not at all helping small or medium sized businesses.