Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what proportion of companies complied with the regulations under the Reporting on Payment Practices and Performance Regulations 2017 in (a) 2018 (b) 2019 (c) 2020 and (d) 2021.

Since the Regulations were made in 2017, more than 64,000 reports have been published by around 9,400 businesses. We estimate that around 10,300 businesses are currently required to report.

It is difficult to ascertain exactly how many businesses are required to report at any one time. Company restructuring, sale or disposal of previously reporting subsidiaries, mergers and acquisitions mean that businesses previously required to report may no longer exceed two of the three reporting thresholds (£36 million annual turnover; £18 million balance sheet total; 250 employees) and vice versa.