APLEONA HSG LIMITED

Company number: 04073907

Reporting period:
1 July 2018 to 31 December 2018

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This report was filed on 29 January 2019

and approved by Nadya Bentley

Payment statistics

Average time taken to pay invoices: 73 days

Invoices paid:

• within 30 days: 10%
• in 31 to 60 days: 47%
• in 61 days or more: 43%

Invoices due but not paid within agreed terms: 78%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

Standard payment terms are 60 days from date of invoice. We do have vendors on payment terms which are different to the standard.

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

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Supplier payment issues that arise are addressed in the first instance by the accounts payable team and escalated to operational staff. Payment disputes are resolved in accordance with the relevant contract terms. Any dispute that cannot be resolved between the supplier and the business may be referred to the company's board of 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.

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