ARDIAN INVESTMENT UK LIMITED
Company number: 05654928
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
30 July 2018
Approved by:
Michael Ferragamo
Payment statistics
Average time taken to pay invoices: 11 days
Invoices paid:
- within 30 days: 96%
- in 31 to 60 days: 3%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 15%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
Answer not provided
Standard payment terms
We don't have standard terms for all suppliers. This is negotiated and discussed on an individual basis. The most common term among our suppliers is a 14 to 30 day payment period
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Specifically regarding complaints from suppliers, most suppliers and/or their finance department will have the direct contact details of our accounts payable department who they will contact in the first place, particularly if the complaint is administrative or due to payment. Once contact is made, usually by phone or email, a member of the AP team will resolve. In the majority of cases there is an easy resolution but if there is a more significant problem it may be escalated internally and if necessary to the account or relationship manager at the supplier in question. If a complaint from a supplier is of an operational nature for services not engaged by the Finance department, the query will be forwarded on to the relevant stakeholder within the business.
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 Fair 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.
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