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Kier has finally managed to reinstate all of its entities to the Prompt Payment Code.
McNicholas Construction Services has returned as a signatory of the code (PPC), meaning all Kier divisions now comply with its payment commitments to suppliers.
McNicholas was suspended from the code in November last year, along with other Kier businesses, after failing to meet key requirements around the payment of suppliers within 60-days.
This news comes a year after the firm’s first entity, Kier Construction Ltd, returned to the PPC.
McNicholas, which Kier acquired in 2017, has improved its payment days since 2019 when 59% of payments were made within 60 days to over 90% for the last two months. ....

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