3 Companies: duty to publish report on payment practices and performance
Small Business, Enterprise and Employment Act 2015 (2015 c 26) | Legislation

Business Payment Practices

3  Companies: duty to publish report on payment practices and performance

(1)     The Secretary of State may by regulations impose a requirement, on such descriptions of companies as may be prescribed, to publish, at such intervals and in such manner as may be prescribed, prescribed information about—

(a)     the company's payment practices and policies relating to relevant contracts of a prescribed description, and

(b)     the company's performance by reference to those practices and policies.

(2)     For the purposes of this section—

“company” has the meaning given by section 1(1) of the Companies Act 2006 (but see subsection (3));

a contract is a “relevant contract” if—

(a)     it is a contract

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