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ALAN BARTLETT & SONS (CHATTERIS) LIMITED

Company number: 06891002

Reporting period:
1 June 2018 to 30 November 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 24 January 2019

and approved by MR TOBY BARTLETT

Payment statistics

Average time taken to pay invoices: 74 days

Invoices paid:

• within 30 days: 15%
• in 31 to 60 days: 24%
• in 61 days or more: 61%

Invoices due but not paid within agreed terms: 86 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

Our most frequently used payment terms for
qualifying contracts is 60 days.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

Due to the seasonal variations inherent within our
business sector and its effects on cash flow,
payment of invoices outstanding have taken longer
than anticipated at certain times of the year.
In addition, the company has also experienced
difficult trading conditions over recent years and as
a result has fallen behind with creditor repayments.
We are endeavouring to improve our current
position with regard to payment of invoices, and bring our balances outstanding back in line with
expectations.

Dispute resolution process

Any disputes regarding invoices or payments can
be directed towards our accounts department.
Normally any disputes are resolved within a few
working days.

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

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