CICM welcomes focus on PPC in new Business Secretary’s first speech
Press Release – 19 May 2015
Philip King, Chief Executive of the Chartered Institute of Credit Management (CICM), has welcomed a speech by the new Business Secretary, Sajid Javid, confirming his support for the Prompt Payment Code (PPC), managed on behalf of the Department for Business, Innovation and Skills by the CICM:
“It is encouraging that in his first major speech as Business Secretary he has chosen to single out the Code and highlight the steps being taken to strengthen its powers in the future. It is also pleasing to see that the work of the Institute in shining a light on poor payment practices and scrutinising payment behaviour across the supply chain is being recognised.
“We very much look forward to working with Mr Javid and his team, and continuing our successful relationship in supporting best practice and promoting the importance of credit management in maintaining cashflow and creating sustainable businesses.”
The Chartered Institute of Credit Management (CICM) is Europe’s largest credit management organisation, and the second largest globally. The Institute was granted its Royal Charter on 1 January 2015. The trusted leader in expertise for all credit matters, it represents the profession across trade, consumer and export credit, and all credit-related services. Formed over 75 years ago, it is the only such organisation accredited by Ofqual and it offers a comprehensive range of services and bespoke solutions for the credit professional as well as services and advice for the wider business community, including the acclaimed CICM/BIS Managing Cashflow Guides (www.cicm.com). The CICM administers the Prompt Payment Code for BIS.
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Sean Feast or Alex Simmons
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