Company number: 06624576
and approved by Akhtar Ali SHEIKH
Average time taken to pay invoices: 82 days
Invoices paid:
Invoices due but not paid within agreed terms: 18%
0 days
90 days
Crown Paints Limited, as standard, contracts all its suppliers on 90 days end of month terms. Payment to suppliers as standard is no later than the 5th day of the month following the month in which the relevant undisputed invoice is due for payment by Crown Paints Limited i.e. between 91 and 95 days from receipt. Variations to these standard payment terms are by exception only, and only applied when negotiated and agreed by both parties.
Answer not provided
N/A
90 days
N/A
N/A
If at any time any question, dispute or difference arises between Crown Paints and its supplier or distributor, typically under contract the parties are obliged to escalate the dispute to senior representatives of the parties who shall use their reasonable endeavors to resolve the dispute in good faith within 30 days of the date on which such dispute was referred to them. For Crown Paints, the escalation point would be the Purchasing Manager.
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.
Yes
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