Company number: 00494648
and approved by Taxiarchis Konstantopoulos
Average time taken to pay invoices: 24 days
Invoices paid:
Invoices due but not paid within agreed terms: 41%
0 days
60 days
30 days net
Any changes made to standard payment terms were to ensure our terms met the terms of the suppliers. In most scenarios we reduced our terms to meet supplier expectation
after discussion with the supplier we would amend terms
60 days
No further comment provided
N/A
DISPUTE RESOLUTION PROCESS Usually our buyers contact the suppliers to query incorrect charges or non-receipt of goods. For pricing queries our suppliers will investigate our disputes and raise credit notes where applicable, however usually the invoice is held until the credit has been received before releasing the payment. If the dispute is rejected the buyer will adjust the purchase order value to the higher amount or advise us of their approval, at which point the invoice is released for payment on our next available payment run. For non-receipt of goods, we usually request a Proof of Delivery, which when received and investigated usually leads to the order being receipted and the invoice released for payment. If Proof is not available we request a credit to be issued by the supplier.
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