Legislate Mandatory Registration to the Prompt Payment Code and introduce Penalties for failure to comply.

We think mandatory registration: 1. Ensure Fairness: Create a level playing field for businesses of all sizes. 2. Protect SMEs: Prevent smaller companies from suffering due to delayed payments. 3. Boost Economic Stability: Timely payments improve cash flow, enabling businesses to invest, grow, and retain employees. 4. Promote Ethical Business Practices: Encourage companies to prioritise financial responsibility and transparency.