ADARE INTERNATIONAL HOLDINGS LIMITED
Company number: 10828012
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
31 January 2019
Approved by:
Raymond Phillip Berry
Payment statistics
Average time taken to pay invoices: 106 days
Invoices paid:
- within 30 days: 3%
- in 31 to 60 days: 6%
- in 61 days or more: 91%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 95%
Payment terms
Shortest standard payment periods
31 days
Longest standard payment period
120 days
Standard payment terms
90 days - end of month
Were there any changes to the standard payment terms in the reporting period?
Renegotiating with suppliers to our standard terms 90 days - end of month
Were suppliers notified or consulted about these changes before they were made?
Suppliers were notified in writing
Maximum contractual payment period agreed
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The supplier should contact accounts.payable@adareinternational.com where the query is picked up by one of the Adare AP team. The team investigate the query and pass to operations as appropriate. If, after investigation with the supplier, operations confirm that the dispute is resolved, then the invoice is settled. If the resolution leads to the issue of a credit note from the supplier, the original invoice will only be processed for payment once a correct credit note is received, validated, and processed.
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 Fair 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.
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