ORANGE BRAND SERVICES LIMITED
Company number: 02266684
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 28 January 2019
and approved by Martin Crossley
Payment statistics
Average time taken to pay invoices: 49 days
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 51%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 29 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
Our suppliers payment terms are 60 days, but we also pay some suppliers at reception, 7 days, 14 days and 30 days.
Our customers payment trems are 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
All our customers invoices and purchase order for suppliers have our accounting email address and phone number to contact us for queries. First point of contact is the accountant or finance analyst, then finance manager then finance director.
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
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