FA-ST Filtration Analysis Services Technology Ltd is pleased to announce that the company is part of the Prompt Payment Code programme. If you would like to register your company please visit www.promptpayment.org.uk

Approved signatories undertake to:

• within the terms agreed at the outset of the contract
• without attempting to change payment terms retrospectively
• without changing practice on length of payment for smaller companies on unreasonable grounds

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

Encourage good practice:

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

‘The Prompt Payment Code is another critical step in a series of structured initiatives devised by the government with The Institute of Credit Management (ICM) to tackle the crucial issue of late payment and help small businesses especially. Suppliers can have confidence in any company that signs up to the code that they will be paid within clearly defined terms, and that there is a proper process for dealing with any payments that are in dispute. This is an exciting development, and we shall regularly monitor its performance to ensure best practice is being followed.’ - Peter Mandelson (Secretary of State for Business)

FA-ST Ltd have always maintained a strict policy of paying all invoices from our suppliers within the terms of sale agreements and would encourage all businesses to undertake the same policy to ensure continuation of cash flow and continuing success of individual businesses however small or large they may be. - Andrew Fraser (Managing Director FA-ST Ltd)