Capgemini CCJs — Does not pay what they owe as per court decisions

By: Majury Change Management Ltd
 
 
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Business

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Woking - Surrey - England

WOKING, U.K. - May 22, 2020 - PRLog -- Big businesses that continually fail to pay their suppliers on time have been named and shamed by the government for the first time in 2017.

Unfortunately, even this has not resulted in large companies such as Capgemini UK Plc continuing not to pay smaller firms what they are owed on time, or potentially at all.

The above image shows that Capgemini UK Plc has two unsatisfied CCJs (County Court Judgements), one dated from 2016, and a more recent one from April 2020.

Under the rules introduced in April 2017, all large UK companies are required to publish specific information regarding their payment policies, practices and performance — including the average time taken to pay supplier invoices — twice yearly.

However, despite Capgemini not complying with the debt pre-action protocols, and not replying to the claim issued by the court for the judgement that was entered on April 2020. Capgemini made an application to set this judgement aside, which likely included a reason that they "would have had a reasonable prospect of success at the hearing.", this was rejected on 15th May 2020 and Capgemini have still not satisfied the CCJ.

Capgemini's application for the CCJ to be set aside was refused on 15th May 2020

The reporting requirement applies to large companies and large limited liability partnership regardless of whether they are private, public or quoted, that meet two or more of the size thresholds in the past two preceding financial years: annual turnover of £36millon; balance sheet total of £18millon; and/or 250 employees.

The report (https://check-payment-practices.service.gov.uk/export) is available online for anyone to have a look at, and updates as soon as each business comes forward with its information.

It is aimed at helping suppliers to make more informed decisions about who they do business with.The measure, launched by the Department for Business, Energy and Industrial Strategy, also seeks to alleviate the administrative and financial burdens faced by thousands of small and medium sized business due to late payments.

The nation's modest sized enterprises are currently owed £26billion in overdue payments, according to research by payments processing company Bacs.

Meanwhile, the Federation of Small Businesses (FSB) calculates that over 30 per cent of payments to small businesses are late and the average value of each payment is £6,142. The trade body also predicts that 50,000 UK business shut up shop every year because of the issue.
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