ALPHA LSG LIMITED

Company number: 08005515

Reporting period:
1 July 2018 to 31 December 2018

---

This report was filed on 28 January 2019

and approved by Carlo Possa

Payment statistics

Average time taken to pay invoices: 51 days

Invoices paid:

• within 30 days: 12%
• in 31 to 60 days: 67%
• in 61 days or more: 21%

Invoices due but not paid within agreed terms: 71%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

Alpha LSG standard payment terms are 45 days from the end of the month the good / service is invoiced. The longest credit period available therefore is 75 days and the shortest is 45days , with an average of 60 days.

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

60 days

None

Any other information about payment terms

No

Dispute resolution process

During the reporting timeframe , all vendor disputes were managed centrally in the accounts payable department within Central Finance. Vendor are allocated a vendor management clerk who has responsibility for a section of the alphabet. Vendors received details of their disputes upon request from their vendor management clerk

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.

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