Amey recognises the importance of cash flow to our supply chain partners, particularly the thousands of SMEs and VCSEs we work with.
Throughout the COVID-19 pandemic we have worked hard to ensure all of our suppliers are paid on time.
Since January 2020, we have been working hard to improve payment times for our suppliers. In April, we introduced twice-weekly payment runs for some our suppliers to make sure we paid them quicker during this challenging time. We have also been working hard to identify at-risk suppliers and provide them with additional support.
Amey operates fully in accordance with the UK Prompt Payment Code, which requires us to report to government every six months on our payment performance.
As of the end of 2020 we were paying 94% of our invoices within 60 days. We continuing to look for ways to improve our performance.