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ABELLIO WEST LONDON LTD

Company number: 00689260

Reporting period:
1 July 2018 to 31 December 2018

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

This report was filed on 30 January 2019

and approved by Andrew Worboys, Finance Director

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

• within 30 days: 89%
• in 31 to 60 days: 7%
• in 61 days or more: 4%

Invoices due but not paid within agreed terms: 18 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

30 days

Standard payment terms

Standard payment terms are within 30 days unless otherwise specified by the supplier.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

"Purchase Order Processed Invoices - Limited number of disputes arise for suppliers processed on this basis as amount are pre-agreed prior to any commitment being made. Any actual cost variances to the agreed amount are assess by the business approver and raised with the supplier directly.

For other supplier invoices, any issues will arise on approval of payment of the invoice by the business approver. Resolution of issues are handled between the ordering manager and the supplier. Where agreement cannot be reached in both of the above cases, the issue is escalated through the relevant business departments and management team (including Finance) to resolve."

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