A.J.N. STEELSTOCK LTD.
Company number: 00689647
Reporting period:
1 May 2018 to 31 October 2018
Report filed on:
23 November 2018
Approved by:
Courtney Bell
Payment statistics
Average time taken to pay invoices: 46 days
Invoices paid:
- within 30 days: 24%
- in 31 to 60 days: 53%
- in 61 days or more: 23%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 15%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
90 days
Standard payment terms
We do not have standard payment terms, in so far as we pay our suppliers to their terms. The most common terms are: By Volume - payment is made at the month end following the month of invoicing (31-60 Days) By Value - payment is made at the second month end following the month of invoicing (61-90 Days)
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
90 days
We pay to our Suppliers' Terms
Any other information about payment terms
We pay to our Suppliers' Terms
Dispute resolution process
Resolution is via our buying departments and our suppliers.
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.
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