We’re Gold! Let’s Do Business Group achieves ‘Gold’ under new Fair Payment Code

Feb 27

The Let’s Do Business Group team are proud to announce that we have been awarded the prestigious Gold Award under the new Fair Payment Code until 2026, along with our subsidiaries Let’s Do Business Finance and Let’s Do Marketing.

The new Fair Payment Code, launched by the Office of the Small Business Commissioner in December 2024, aims to promote best practices in payment performance across the UK.

Introduced to replace the former Prompt Payment Code, the new Code was created to recognise the negative impact of long and late payment times on small businesses and encourage businesses across the country to pay promptly – driving economic growth and protecting businesses from hardship. Introducing a tiered award system - Gold, Silver, and Bronze – the new Fair Payment Code recognises businesses that adhere to fair payment principles and aims to brings awareness to the issue of late and missed payments that affect small businesses across the UK, in a bid to make positive change.

“Late and missed payments can have a huge negative impact on small businesses, and as a business support and finance provider, we see first-hand the detrimental effect this has on cash flow for businesses, and in turn business growth long term. By holding our organisation to a high standard for fair and fast payments, we hope that we can encourage our partners, clients and suppliers to also follow the principles of the new Fair Payment Code too, so that we can make a real difference to local businesses.”

— Graham Marley, Chief Executive of Let’s Do Business Group

The highest tier, the Gold Award, is granted to companies that pay at least 95% of all invoices within 30 days and adhere to the values of the code – setting a new high standard for payment practices nationwide going forward.

Let's Do Business Group is proud to have our dedication and commitment to good payment practices recognised by achieving the Gold award. Our organisation is dedicated to strengthening fair and collaborative business environments across the regions that we support with our services, and by adhering to the principles of the new Fair Payment Code we’re backing the resilience and growth of the broader business community - helping to tackle the issue of missed and late payments on small businesses and hopefully inspire other organisations to think about their payment processes and aim for the gold standard themselves.

By being awarded the Gold tier of the new Fair Payment Code until 2026, this reflects our passion for supporting small businesses by ensuring prompt and reliable payments, a practice vital for maintaining healthy cash flow and overall business health. The principles of the new Fair Payment Code are Clear, Fair and Collaborative – strongly aligning with the values of Let’s Do Business Group, who along with its subsidiaries Let’s Do Business Finance and Let’s Do Marketing, strive to remove barriers to growth for businesses and support them in their journey to reaching their potential.