Petition · Department for Business and Trade
Make the registration to the Prompt Payment Code mandatory for all companies
Closed
81 signatures
What the petition asks
Legislate Mandatory Registration to the Prompt Payment Code and introduce Penalties for failure to comply.
We think mandatory registration:
1. Ensure Fairness: Create a level playing field for businesses of all sizes.
2. Protect SMEs: Prevent smaller companies from suffering due to delayed payments.
3. Boost Economic Stability: Timely payments improve cash flow, enabling businesses to invest, grow, and retain employees.
4. Promote Ethical Business Practices: Encourage companies to prioritise financial responsibility and transparency.
1. Ensure Fairness: Create a level playing field for businesses of all sizes.
2. Protect SMEs: Prevent smaller companies from suffering due to delayed payments.
3. Boost Economic Stability: Timely payments improve cash flow, enabling businesses to invest, grow, and retain employees.
4. Promote Ethical Business Practices: Encourage companies to prioritise financial responsibility and transparency.
Timeline
| 3 Dec 2024 | Petition opened for signatures |
| 3 Jun 2025 | Closed to new signatures |
Key facts
Signatures
81
Status
Closed
Department
Department for Business and Trade
Opened
3 Dec 2024
Closed
3 Jun 2025
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Source: the official petition page. Last checked 15 Aug 2026.