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ISS FACILITY SERVICES LIMITED
Company number: 00890885
Reporting period:
1 July 2018
to 31 December 2018
Warning
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 Barbara Plucnar Jensen
Payment statistics
Average time taken to pay invoices: 46 days
Invoices paid:
- within 30 days: 28%
- in 31 to 60 days: 43%
- in 61 days or more: 28%
Invoices due but not paid within agreed terms: 93 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
90 days
Standard payment terms
Payment terms vary by supplier and are agreed as part of contract negotiations
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
Approved and undisputed invoices are paid in line with contractual terms on the next available payment run
Dispute resolution process
Supplier queries are directed to the Shared Service Centre or trading entity. Query escalation is via UK Procurement and or the senior Finance community
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