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ZURICH EMPLOYMENT SERVICES LIMITED

Company number: 00243883

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 31 January 2019

and approved by Jim Sykes

Payment statistics

Average time taken to pay invoices: 18 days

Invoices paid:

• within 30 days: 92%
• in 31 to 60 days: 6%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 8 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Standard payment terms are 30 days - There have been no changes to the Company's standard terms.

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

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Zurich AP have a simple and effective process for handling disputes. Invoices are disputed by the business by advising AP within 14 days of receiving the invoice from AP, that they wish to place an invoice in dispute and qualify this by adding a dispute status (eg Price dispute) and a comment detailing the problem. This information is then sent to the supplier who is asked to resolve the dispute within 10 working days. If the dispute cannot be resolved within this time frame, the supplier will be asked to credit the invoice.

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