Company number: NI001062
and approved by Colin Thompson
Average time taken to pay invoices: 44 days
Invoices paid:
Invoices due but not paid within agreed terms: 91%
45 days
Answer not provided
Our standard payment terms are 45-60 days. Payments are made on the next available payment run i.e. at the end of the week they fall due.
Answer not provided
N/A
120 days
No further comment provided
Whilst 91% of our invoices were not paid within our payment terms this is as a result of invoices being paid on the next available payment run i.e. at the end of the week they fall due. 74 % of our invoices are paid in time or within 7 days of the due date
Accounts payable will refer the invoice to the relevant purchasing department for investigation and resolution directly with the supplier, if appropriate, or accounts payable department will resolve directly with supplier's accounts receivable.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No