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DIGNITY FUNERALS NO.3 LIMITED

Company number: 09166331

Reporting period:
30 June 2018 to 28 December 2018


This information is as reported by the business, and responses are in their own words.

This report was filed on 29 January 2019

and approved by Stephen Whittern

Payment statistics

Average time taken to pay invoices: 35 days

Invoices paid:

  • within 30 days: 71%
  • in 31 to 60 days: 19%
  • in 61 days or more: 10%

Invoices due but not paid within agreed terms: 64%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

30 days

Standard payment terms

Our standard payment terms for our suppliers paid through our accounts payable process is 30 days. However, we do have a range of payment terms which are negotiated with individual suppliers on a case by case basis. —In addition to our normal payment processes, we also make a significant number of payments through our network of funeral locations. These payments generally represent disbursements incurred on behalf of our customers and, as such, are not subject to our formal payment terms and conditions. We have included these suppliers within our reporting. We endeavour to pay these suppliers promptly (usually within 7-14 days of receipt of invoice or provision of service).

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

56 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Dignity Funerals No.3 Limited aims to resolve all disputes promptly and will normally do so by contacting suppliers directly. Any disputes over payments are directed to the Accounts department. Disputes can be escalated up the management chain if subsequently required

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