MacCommsMacCommsMacCommsMacComms
  • Home
  • About us
  • Our services
  • Who we’ve helped
  • Our blog
  • Contact us
  •  

Yorkshire firms launch prompt payer initiative to support small businesses

    Home Company news Yorkshire firms launch prompt payer initiative to support small businesses
    NextPrevious

    Yorkshire firms launch prompt payer initiative to support small businesses

    By Ellie MacDonald | Company news, Positive news | Comments are Closed | 8 April, 2020 | 0

    We’re delighted to announce a commitment to an initiative to ensure suppliers of small businesses, and freelancers are paid promptly.

    Leeds-based PR agency MacComms has joined Halifax-based Mellor Financial Management which has launched the prompt payer initiative, committing to making payments to suppliers within seven days.

    In 2008, the Government launched the official Prompt Payment Code to promote a culture of prompt payment, committing signatories to pay 95% of invoices within 60 days and work towards 30 days as normal practice. Last month the code was transferred the Small Business Commissioner’s office in line with the Government’s stated ambition to bring all late payment initiatives under a single umbrella.

    Acknowledging that small businesses are the backbone of our economy, the launch of the Government’s code has seen the amount owed to smaller businesses in late payment more than halved in the last five years, but the local firms have taken matters into their own hands to support local businesses further.

    Martin Mellor, founder and managing director of Mellor Financial Management said:

    “The Government claims that the Prompt Payment Code sets the gold standard in payment terms and plays an important role in bringing about a culture change in payment practices but payment within 60 days is still far too long for most small businesses. Which is why with our code we are committing to paying all suppliers within seven days.

    “Cash flow is the lifeblood of businesses and whilst everyone is under pressure during the Covid-19 outbreak, we need to do what we can to support small businesses and the local economy.”

    Founder and managing director of MacComms, Ellie MacDonald, commented:

    “I changed my business model to remote working and utilising freelancers over a year ago so it’s largely business as usual for us. Whilst most people are battening down the hatches and cutting costs, we hope, that by paying people within seven days wherever possible, these suppliers will continue to spend and keep further small and local businesses afloat during the unprecedented times.”

    MacComms is a five-year-old multi-award-winning PR agency run by Ellie MacDonald with Martin Mellor as outsourced finance director. Mellor Financial Management, run by Yorkshire Accountancy Awards advisor of the year, Martin Mellor offers finance director and accountancy support and training.

    business, economy, Halifax, Leeds, payment, prompt payer, small business, Yorkshire

    Ellie MacDonald

    More posts by Ellie MacDonald

    Related Post

    • Homelessness charity invites businesses to network in first virtual event

      By Ellie MacDonald | Comments are Closed

      A homelessness charity has organised its first virtual networking group as part of its corporate partnership. West Yorkshire-based charity Simon on the Streets will hold the online event on Thursday 6th August at 1-2pm asRead more

    • We’re celebrating five years in business with duo of new client wins

      By Ellie MacDonald | Comments are Closed

      We’re delighted to announce two new client wins which coincide with our fifth birthday! We have won contracts to manage the PR and social media management for leading signage specialist Widd Signs and pyrometallurgical firmRead more

    • Schofield Sweeney selects homelessness charity to support throughout 2021

      By Ellie MacDonald | Comments are Closed

      A West Yorkshire law firm has chosen West Yorkshire homelessness charity Simon on the Streets as its charity of the year to support throughout 2021. Schofield Sweeney supports SMEs, PLCs, and large multinationals, who valueRead more

    • Virtual Assistants join forces to support industry in Yorkshire

      By Ellie MacDonald | Comments are Closed

      A Yorkshire-based industry group has been formed to support virtual assistants (VAs) working in the region. The Yorkshire Virtual Assistant Collective (YVAC) was launched in January 2021 by Amy Russell, Gemma Walton and Rachel Priestley, threeRead more

    • Cocktail company creates virtual events in aim to become world’s biggest digital nightclub

      By Ellie MacDonald | Comments are Closed

      The award-winning founder of a Leeds-based cocktail company has launched a virtual nightclub in a bid to create the world’s biggest digital night out in. Murdo MacLeod, founder of ten-year old firm Zest Mixology, innovatedRead more

    NextPrevious

    Blog categories

    • Client news
    • Company news
    • Founders thoughts
    • Latest news
    • Meet the journo
    • Positive news
    • Thought piece

    Recent posts

    • Schofield Sweeney selects homelessness charity to support throughout 2021 24th February 2021
    • Virtual Assistants join forces to support industry in Yorkshire 11th February 2021
    • Cocktail company creates virtual events in aim to become world’s biggest digital nightclub 11th February 2021
    • Metals recovery boss appointed to the IOM3 Mining Technology Board 1st February 2021
    • Sugden expands range with Mini Hotplate launch to support smaller bakeries and emerging markets 26th January 2021

    Contact us

    0113 869 5242
    info@maccomms.net

    Visit us

    15 Queen Square
    Leeds
    West Yorkshire
    LS2 8AJ

    • Cookies
    • Privacy
    • T&Cs
    • Sitemap
    © 2015 - 2021 Maccomms (Yorkshire) Ltd. All rights reserved. Site by Media29
    • Home
    • About Us
    • Our Services
    • Who We’ve Helped
    • Our Blog
    • Contact Us
    MacComms