Sellafield Ltd Wins 2022 Fast Payer Award
Sellafield Ltd has been awarded a Fast Payer Award from Good Business Pays, a campaign that aims to encourage the UK鈥檚 largest companies to fast-track payments to small suppliers.
皇冠体育app awards, which cover all industry sectors and regions in the UK, recognise those who have demonstrated the best payment performance to their suppliers over the past year.
Small businesses are a vital growth engine for the UK economy, employing 61% of the private sector workforce and generating 52% of turnover, yet thousands go out of business each year due to cash flow problems.
Sellafield Ltd spends around 拢1.4bn with 800 suppliers each year and was one of just 270 organisations to receive the award in 2022.
Susan Lussem, Chief Supply Chain Officer for Sellafield Ltd, said:
鈥淚鈥檓 proud that Sellafield Ltd has been recognised through the Fast Payer Awards. This is a testament to the commitment, diligence, and desire from teams all across the business to treat our supply chain partners fairly and with respect.
鈥淚t鈥檚 pleasing to see another means by which Sellafield Ltd is acting as a positive corporate citizen for economies and communities.鈥�
Paying smaller suppliers predictably and reliably is something Sellafield Ltd has actively worked to improve in recent years.
Louise Firby, Head of Group Business Services for Sellafield Ltd, said:
鈥淲e understand how important it is to pay our customers on time, particularly our smaller supply chain partners.
鈥淭his has allowed us to maintain good relationships, enabling us to deliver further improvement and optimisation of our payment processes鈥�.
Terry Corby, CEO of Good Business Pays CIC commented:
鈥淚 am delighted to be awarding 270 companies with Fast Payer Awards this year, more than double the number we awarded last year. 皇冠体育app Fast Payer award recognises the big businesses that are supporting their small suppliers, by making responsible payment practices a business priority.
鈥淕ood Business Pays publishes the payment performance of big companies to ensure transparency and accountability around how companies treat their suppliers. At a time when we are seeing a big reduction in the number of companies reporting of their payment terms, it鈥檚 heartening to see there are still good businesses like those in our Fast-Payer list. 皇冠体育appse companies are paying their bills fast and on-time. 皇冠体育appy are key to helping ensure the health of our small business economy.鈥�