Company number: 09301346
and approved by Raj Tugnait
Average time taken to pay invoices: 38 days
Invoices paid:
Invoices due but not paid within agreed terms: 28%
0 days
56 days
The standard payment terms are weekly, no earlier than 56 days after the date of delivery. The reason payment terms are “no earlier than 56 days” is to allow for our main weekly payment run to capture invoices due and allow for cash to be received into the supplier’s account. However there are non-standard supplier payment terms which can be shorter and longer than the standard terms. In certain circumstances a supplier may seek to impose its own payment terms, and in other circumstances, a bespoke contract may be agreed.
Answer not provided
N/A
90 days
No further comment provided
N/A
The Accounts Payable team work closely with our buying team and our suppliers to keep disputes to a minimum. The Accounts Payable team will investigate the query and advise the supplier of the resolution needed. If necessary, we have an escalation procedure via our Accounts Payable Manager, Head of Accounts Payable or our Finance Director.
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
Yes
No