DONALDSON FILTER COMPONENTS LIMITED
Company number: 01222246
Reporting period:
1 February 2020 to
31 July 2020
This report was filed on 4 September 2020
and approved by David Ian Jowett
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 36%
- in 31 to 60 days: 37%
- in 61 days or more: 27%
Invoices due but not paid within agreed terms: 60%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
90 days
Standard payment terms
The most frequent terms for suppliers is 30 days net. The second most frequent payment term is 30 days net 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
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Disputes relating to payment would be initially directed to the Accounts Payable team. If the AP team can not resolve the issue this would be escalated to the Purchasing team or the Finance manager to ensure proper resolution.
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.
No
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.
No
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