Unilever concedes to breaching payment code as it takes 90 days to pay big suppliers

Unilever concedes to breaching payment code as it takes 90 days to pay big suppliers

It has emerged that Unilever consistently breaks the government’s Prompt Payment Code (PPC), having admitted it takes 90 days to pay its big suppliers.

The government’s PPC promises companies will be paid in 60 days, with the revelation regarding Unilever’s late payments causing suggestions that stricter regulations are required in terms of payments.

Despite taking longer to pay larger companies, Unilever states on the PPC website that it pays smaller ones within 30 days, a move it says is the catalyst for larger companies getting paid later.

A spokesperson for the company stated that payment terms are agreed mutually and upfront, continuing, “We are committed to paying our suppliers fairly and on time.’

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