BROWN SHIPLEY & CO. LIMITED

Company number: 00398426

Reporting period:
1 July 2018 to 31 December 2018

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This report was filed on 24 January 2019

and approved by Andrew Curran

Payment statistics

Average time taken to pay invoices: 13 days

Invoices paid:

• within 30 days: 96%
• in 31 to 60 days: 4%

Invoices due but not paid within agreed terms: 6%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Brown Shipley accepts the payment terms of the Supplier when a contract is first entered into. Where no payment terms are specified by the Supplier, Brown Shipley will apply standard payment terms of 30 days from the date of invoice. Brown Shipley does not make any distinction between different suppliers and all suppliers are treated equally. Brown Shipley’s standard payment period is 30 days. Brown Shipley does not have different terms for different types of contract.

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

30 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Brown Shipley uses a centralised mail box and has dedicated staff to manage the Accounts Payable function. If a dispute were to arise between the Supplier and Brown Shipley all communication would be made via this Purchase Ledger mailbox. In the unlikely event that the dispute cannot be resolved in this manner it would be escalated to a senior member of the Finance team. At Brown Shipley we always aim to resolve issues on the day they arise if possible.

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.

Yes

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