We are pleased to announce that Rubo has decided to sign up to the Small Business Commissioner's Prompt Payment Code. Paying our suppliers on time and in full is a commitment of our business, and with the disruptions caused by COVID-19, it's more important than ever.

The Prompt Payment Code means we undertake to:

1) Pay suppliers on time

• within the terms agreed at the outset of the contract

• without attempting to change payment terms retrospectively

• without changing practise on length of payment for smaller companies on unreasonable grounds

2) Give clear guidance to suppliers

• providing suppliers with clear and easily accessible guidance on payment procedures

• ensuring there is a system for dealing with complaints and disputes which is communicated to suppliers

• advising them promptly if there is any reason why an invoice will not be paid to the agreed terms

3) Encourage good practice

• by requesting that lead suppliers encourage adoption of the code throughout their own supply chains