PROPERTY MANAGEMENT SERVICES (N.I.) LIMITED
Company number: NI012481
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 30 January 2019
and approved by Robert Davis
Payment statistics
Average time taken to pay invoices: 49 days
Invoices paid:
- within 30 days: 6%
- in 31 to 60 days: 81%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 8 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
90 days
Standard payment terms
End of following month
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
1. Goods for resale invoices (a) if pricing dispute then price checked with buyer (b) if quantity dispute then POD checked. If there is an error with the invoice the supplier is advised and we await credit note or further invoice. Once resolved the invoice will then be cleared for payment.
2. All other invoices. They are passed to the person authorised to accept or reject the invoice. In the case of a dispute that person will contact the supplier to raise the query and resolve the dispute. The invoice will then be cleared for payment.
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