Albion Environmental is proud to announce that we have been awarded the Silver Award in the Fair Payment Code (FPC) by the Office of the Small Business Commissioner, in recognition of our excellent payment practices.
Following a rigorous application and review process, our business has been recognised for paying at least 95% of all invoices within 60 days, and importantly, at least 95% of invoices from small businesses within 30 days.
This places Albion Environmental amongst businesses leading the way in ethical and responsible supplier payment standards.
What is the Fair Payment Code?
The Fair Payment Code (FPC) is a voluntary code of practice administered by the Small Business Commissioner on behalf of the Department for Business and Trade (DBT). It was originally established in 2008 as the Prompt Payment Code to set clear standards for payment practices between businesses and their suppliers.
Why Did Albion Join the FPC?
We believe that prompt and transparent payment practices are fundamental to a healthy business environment. By joining the Fair Payment Code, we’ve publicly committed to:
- Paying suppliers on time and within agreed terms
- Promoting stable cashflow across the supply chain
- Demonstrating corporate responsibility in every transaction
This not only assures our suppliers and partners of our standards, but also strengthens our credibility when tendering for new projects.
Our team is dedicated to resolving any invoice issues quickly, and we always welcome suppliers to reach out with updated statements to help us keep everything on track.
What Do the Awards Mean?
The Fair Payment Code offers three tiers of recognition:
- Bronze: 95% of all invoices paid within 60 days
- Silver: 95% of all invoices within 60 days and 95% of small business invoices within 30 days
- Gold: 95% of all invoices paid within 30 days
Receiving the Silver Award demonstrates our commitment to supporting small businesses and upholding high ethical standards in business operations.
For more about the Fair Payment Code, or to find out how your organisation can join, visit: Small Business Commissioner Website