GOV.UK
FES SUPPORT SERVICES LIMITED
Company number: SC387816
Reporting period:
1 September 2017
to 28 February 2018
This report was filed on 30 March 2018
and approved by Duncan K Fletcher
Payment statistics
Average time taken to pay invoices: 60 days
Invoices paid:
- within 30 days: 5%
- in 31 to 60 days: 52%
- in 61 days or more: 43%
Invoices due but not paid within agreed terms: 59 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
70 days
Standard payment terms
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 month end of date of the invoice and payment is dependent on the subcontract agreement and receipt of the service documentation.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
70 days
The statistical information provided includes payments to both purchase ledger and subcontract suppliers.
Any other information about payment terms
N/A
Dispute resolution process
FES Support Services 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 supplier. A purchase administration team carry out follow up requests for goods received notes and service reports.
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.
Yes
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