Company number: 00190204
and approved by Jeremy Hartley
Average time taken to pay invoices: 38 days
Invoices paid:
Invoices due but not paid within agreed terms: 21%
35 days
45 days
Purchase ledger payment terms are 30 days end of month, consequently average payment terms for purchase invoices would be expected to be 45 days from the invoice date. In respect of subcontractor payments, these terms are 35 days from the due date, the due date being dictated by the payment schedule bound within the terms of the Sub-Contract.
Answer not provided
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45 days
No further comment provided
N/A
Purchase ledger invoices – suppliers should contact the accounts department in relation to queries. Disputes will be resolved with the assistance of personnel ordering the goods or services and invoice processing is subject to completed purchase orders and appropriate receipting or proof of delivery. Queries or disputes in relation to subcontractor payments should be addressed in the first instance to the relevant Quantity Surveyor or to the Subcontract Ledger Clerk within the accounts department. Any unresolved issues thereafter can be referred to the Surveying / Commercial Director(s).
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.
No
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