Company number: 02067510
and approved by John Garwood
Average time taken to pay invoices: 36 days
Invoices paid:
Invoices due but not paid within agreed terms: 7%
35 days
60 days
The standard payment period in the company’s standard form of contract and purchase order is 35 days up to a maximum of 60 days from receipt of a valid invoice.
Answer not provided
N/A
35 days
No further comment provided
N/A
A monthly review process to monitor invoices has been established to consider options for settlement in the event of delayed payment. Where a dispute does arise the cost manager will review the position and refer the matter to director level where appropriate. Whilst every effort is made to resolve payment disputes quickly, in the event a dispute cannot be resolved by agreement, the parties are subject to the laws of England and Wales and the exclusive jurisdiction of the English courts.
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