Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government, further to the Written Statement by Baroness Neville-Rolfe on 20 March 2015 (HLWS406), Prompt Payment – Implementing the Duty on Large Companies to Report on Payment Practices and Policies, whether Carillion, in respect of its public sector contracts, reported on (1) standard payment terms, including any changes to these in the last reporting period; (2) the average time taken to pay; (3) the proportion of invoices paid beyond agreed terms; (4) the proportion of invoices paid (a) in 30 days or less, (b) between 31 and 60 days, and (c) beyond 60 days; (5) the amount of late payment interest owed and paid; (6) whether financial incentives were required to join or remain on supplier lists; and (7) membership of a Payment Code, as recommended in that Written Statement; and whether they will place a copy of Carillion’s responses to each of those metrics over the last three years in the Library of the House.
The Reporting on Payment Practices and Performance Regulations came into force last year. Businesses in scope must publish aggregate data on their payment practices covering all their qualifying contracts, whether public or private sector. The duty applies to businesses’ first full financial year starting after the 5th April 2017.
Based on their 2016 annual report, we believe Carillion’s financial year to begin on 1 January and therefore their first reporting deadline to be 30 July 2018. As of 29th January 2018, Carillion have not filed a report. All reports submitted are publically available on https://check-payment-practices.service.gov.uk/search.