Payment reporting and Prompt Payment Code
We are delighted to report that Galliford Try is paying 98% of invoices within 60 days, exceeding the target of 95% set by the Prompt Payment Code (PPC). In addition, invoices paid within terms and average days to pay suppliers continue to improve. These statistics compare very favourably to our peer group.
In January 2021, the Group committed to achieving the new standards for suppliers with less than 50 employees – ie payment of 95% of invoices within 30 days. We are making good progress towards achieving the new target.
The table below provides our performance.