LAURA ASHLEY LIMITED
Company number: 00531301
1 July 2018
to 31 December 2018
This report was filed on 24 January 2019
and approved by SEÁN ANGLIM
Average time taken to pay invoices: 40 days
- within 30 days: 40%
- in 31 to 60 days: 48%
- in 61 days or more: 12%
Invoices due but not paid within agreed terms: 0 %
Standard payment period for qualifying contracts
Standard payment terms
Default/standard contractual payment
terms are 60 days from date of invoice
Any changes requested by the suppliers
to standard contractual terms need to be
agreed by the Finance Director Any
changes to standard payment terms will
be notified to all suppliers affected
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Suppliers will contact our Accounts
Payable team who will endeavour to
resolve the problems
If the problems cannot be resolved, the
Finance team wil escalate the matter to
Senior Management / Directors
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?