Preferred Supplier Lists (PSL)

Why A Preferred Supplier Lists (PSL) Is Important?

Though the process of setting up a PSL system can be time-consuming, it’ll help create a proactive approach to supply chain management.

Things To Consider When Setting Up PSL

We have listed few important tips to create a successful PSL.

  • Financial stability of the providers

    Check bank statements, last filed accounts, tax payments made to HMRC, any penalties incurred, etc.

  • Presence in the UK and additional services

    Reputation, experience, qualified, registered and located in UK– not overseas, bank account is held in UK, their partners for additional services like insurances, IR35 reviews, pensions etc.

  • Robust Compliance Processes

    Evidence of knowledge on legislations, strong internal control processes, GDPR compliant, provide auto-enrolment, all contracts available for inspection, policies for umbrella employees and MSC compliant for PSC’s.

Why Spry Pay for your Preferred Supplier Lists (PSL)?

Established in 2003, we are part of an award-winning accounting group with in-depth knowledge of the contracting industry, keeping you and your contractor’s safe.

At Spry Pay, we take compliance seriously and have robust processes in place to ensure we are fully compliant.

To arrange a meeting or for more information on creating a PSL,
please give us a call on 02035002658, or email us at