PARTS ALLIANCE GROUP LIMITED
Company number: 01779084
Reporting period:
1 January 2020 to
30 June 2020
This report was filed on 3 August 2020
and approved by Helen Semmens
Payment statistics
Average time taken to pay invoices: 105 days
Invoices paid:
- within 30 days: 7%
- in 31 to 60 days: 42%
- in 61 days or more: 51%
Invoices due but not paid within agreed terms: 43%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
360 days
Standard payment terms
Immediate 30 days date of invoice 30 days end of month 45 days end of month 60 days end of month 90 days end of month 360 days end of month
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
360 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Escalation to Deputy Head of Accounts Payable, If not resolved Head of Accounts Payable, then Group Financial Controller
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
Yes
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No