BRIGGS AMASCO LIMITED
Company number: 03541311
Reporting period:
1 July 2024 to
31 December 2024
This report was filed on 17 January 2025
and approved by Matthew Jones
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 29%
- in 61 days or more: 23%
Invoices due but not paid within agreed terms: 14%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Depending on type of supplier , the payment terms vary from 7 days to 60 days net Labour Only Subcontractors are paid on 14 days . Supply & Fit subcontractors are 30 days net We have a small number on 45 days net
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Briggs Amasco activley resolve disputes as efficiently as possible. If there is a dispute on the content of an nvoice , the purchase department or buyer will inform the supplier and where possible also suggest a solution. Once agreed , a credit note will need to be issued for the partial or full amount of the invoice. The original invoice will be paid after deduction of the credit note. If a dispute cannot be resolved in a resonable time then these will be escalated to senior managment .
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 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.
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