Editor's Pick

Small business champion Good Business Pays appoints former Small Business Commissioner, Philip King, Non-Executive Director

<?xml encoding=”utf-8″ ??>

Good Business Pays today announced the appointment of Philip King as Non-Executive Director.

Founded in 2021, Good Business Pays campaigns to encourage large businesses to adopt fast payment processes. It is now supported by financial behemoths that include Mastercard, Barclays and Previse, as well as the Federation of Small Business, CBI, Institute of Directors, Make UK and the British Chambers of Commerce.

In a career spanning more than 40 years Philip King relentlessly championed the cause of small businesses as Interim Small Business Commissioner and Chief Executive of the Chartered Institute of Management (CICM). He has served as a board member for the Start-Up Loans Company, and was a Red Tape Champion for Insolvency. He is the author of the ‘Managing Cashflow Guides’ and architect of the Prompt Payment Code for the Department of Business, Energy, and Industrial Strategy (BEIS). He has worked closely with successive governments to champion best-practice credit management, tackling late payment, and supporting small business.

Commenting on Philip’s appointment, Terry Corby CEO and Founder of Good Business Pays said: “Philip’s vast experience in business and advising government on improving payment practices will bring a wealth of knowledge to us and help us understand the best ways to accelerate Good Business Pays’ ability to exert pressure on late and slow paying companies. These poor practices put small businesses in jeopardy, particularly now as SMEs face unprecedented challenges from the cost-of-living crisis.”

Philip King said: “Late payment must be recognised for the damage that it causes to small businesses and the UK economy. I am delighted to join the Board of Good Business Pays to support the campaign’s efforts to drive the culture change that is so desperately needed. After a long career in the private sector and advising government, the issue remains a personal and professional passion.”

Good Business Pays reported the names of more than 70 of the slowest and latest paying companies on 14 February 2023. Analysing data from over 5,000 companies from BEIS data, it revealed UK companiesand sectors which take more than three months to pay suppliers.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.


TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top