Company number: 02872512
and approved by Chris Bouttle
Average time taken to pay invoices: 42 days
Invoices paid:
Invoices due but not paid within agreed terms: 30%
0 days
120 days
Goods not for resale – Invoices are paid weekly on 30 days payment terms, limited exceptions to the terms do exist primarily for landlords and utility companies. Goods for resale – Our payment terms are variable and are dependent on agreements with a given supplier. Payment terms average out at around 55 days, across this category of supplier. Validated and due invoices will be paid in the payment run that occurs closest to these agreement timeframes. Payment runs are processed weekly with a value date of the Monday, invoices with a due day of the following Wednesday will be included within the payment batch.
Answer not provided
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120 days
No further comment provided
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Invoice queries are in the main the responsibility of the Accounts Payable team, other departments involved are Logistics who will advise the supplier of discrepancies at the point of delivery, this is likely to result in a credit or debit note being provided, the goods not for resale Purchasing team will also have involvement with resolving invoice disputes these are usually related to Purchase Order issues. In the first instance direct verbal or e-mail communication by the Accounts Payable team with the supplier’s finance function is the usual method of resolving disputes. If it is not possible to resolve by this method, the issue is escalated to the Buying Team or Supply Chain, and they then take ownership of the dispute. The Company maintains an electronic purchase invoice query log; this is generated weekly and is distributed by e-mail to all relevant parties within our business, key metrics included are dispute type; price or quantity, also the days an invoice is overdue. For goods/service that have (has) been supplied but no invoice has been received, suppliers are actively chased for invoice copies.
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