Company number: 03097504
and approved by Eloise Wann
Average time taken to pay invoices: 17 days
Invoices paid:
Invoices due but not paid within agreed terms: 50%
0 days
90 days
Payment terms of 30 days are most commonly used with suppliers, which are agreed beforehand.
Answer not provided
N/A
90 days
No further comment provided
Bi-monthly supplier payment runs are produced for payments due on or prior to the payment dates, subject to receiving the invoice on time and being approved. Invoices due between payment runs will be paid in the next one; the majority of supplier payments are therefore paid within 7 days of their due date.
All disputes with suppliers are considered by the department who is responsible for the ordering of goods or services. Disputes are usually flagged to suppliers within a week by the purchase ledger clerk and will usually result in a credit note being raised, or payment to be made. Disputes are usually dealt with by the next payment run.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No