Four Diageo subsidiaries are among a list of companies which have been formally removed from the Prompt Payment Code (PPC) after failing to honour their commitments.
The voluntary code requires companies to pay 95% of invoices within 30 days to their small suppliers and pay 95% of all invoices within 60 days.
Diageo Scotland, Diageo Global Supply IBC, Diageo Northern Ireland, Diageo Great Britain and Unilever UK have had the opportunity to voluntarily withdraw their code membership, but have not engaged with the Small Business Commissioner, which runs the PPC on behalf of the Department for Business, Energy and Industrial Strategy.
