Company number: SC078081
and approved by Gavin Ross
Average time taken to pay invoices: 51 days
Invoices paid:
Invoices due but not paid within agreed terms: 84%
45 days
60 days
Standard contractual length of payment of invoices is 30 days end of month (average is therefore 45 days approx), For new suppliers the aim is 60 days where they are in agreement.
Answer not provided
N/A
120 days
Maximum contractual payment period is 120 days after goods shipment (and is with a 3rd party raw material supplier). These payment terms were negotiated with the supplier during the contract renewal phase.
The business has not changed all of its standard payment terms during the period other than negotiating where possible 60 days for new suppliers and for a proportion of existing suppliers.
The company is committed to working with suppliers to resolve any disputes or complaints. Queries should be directed to our Accounts Payable team in the first instance, who will enlist the support of our Supply Chain team where necessary to ensure a satisfactory resolution.
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