Company number: SC053848
and approved by Duncan K Fletcher
Average time taken to pay invoices: 67 days
Invoices paid:
Invoices due but not paid within agreed terms: 71%
0 days
70 days
Purchase Ledger Payments - Payment will be made 45 days after the end of month of the date of the valid invoice, unless stated in the purchase order. A valid invoice has to include our purchase order number, goods need to have been delivered and all required documentation provided. The receipt date for said invoice is assumed to be 3 days after the date of the invoice. Subcontract ledger payments - Standard payment terms are variable between 30 and 70 days from the date of valuation and are dependent on the subcontract agreement.
Answer not provided
N/A
70 days
The statistical information provided includes payments to both purchase ledger and subcontract suppliers.
N/A
FES Ltd are committed to resolving any disputed invoices quickly. The purchase ledger team carry out monthly purchase ledger reconciliations to highlight any invoices which are not on the ledger and to request these from the suppliers. A purchase administration team carry out follow up requests for goods received notes and service reports.
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.
Yes
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