PROTEC FIRE DETECTION PUBLIC LIMITED COMPANY
Company number: 01170489
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
13 August 2025
Approved by:
Richard Heaton
Payment statistics
Average time taken to pay invoices: 61 days
Invoices paid:
- within 30 days: 10%
- in 31 to 60 days: 36%
- in 61 days or more: 54%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 6%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
92 days
Standard payment terms
Unless stated otherwise in the purchase order, payments will be made to suppliers 60 days after the end of the month in which the invoice has been received subject to the invoice bearing the purchase order number and providing the goods have been delivered and all requisite contract documentation submitted in accordance with the contract prior to the receipt of invoice. The date of a valid invoice for these purposes shall be deemed to be 2days prior to actual receipt of the invoice by the Purchaser, not with standing any other date stated on the invoice. The Company feels it has an obligation to meet the guidelines of the Prompt Payment Code and aims to pay 95% of supplier invoices within 60 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
92 days
The maximum contractual payment period is 60 days after the end of the month the invoice is received.
Any other information about payment terms
The statistical information provided includes payments for both purchase ledger and sub-contract suppliers
Dispute resolution process
Protec Fire Detection Plc is committed to dealing with all of its supplier chain members fairly. Transparency and swift resolution of disputed items are key principles of this process. We have a dedicated Team members within the Purchase Ledger department who deal with all supplier queries and any aged invoices. The Purchase Ledger department is responsible for supplier statement reconciliation, requesting copies of POD's or any of contractual paperwork required, invoices and credit notes. The Team work to investigate any delays or issues in order to resolve any queries as quickly as 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 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.
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