Company number: 00137552
and approved by Carl Darren Drake
Average time taken to pay invoices: 67 days
Invoices paid:
Invoices due but not paid within agreed terms: 92%
1 days
90 days
Our standard payment terms are 60 days date of invoice. The exception to this is larger paper and outwork suppliers, who are predominantly on 90 days from date of invoice. However, we do have a significant amount of 'smaller' suppliers, who we agree to and endeavour to pay between 1-30 days, depending on the size of the account and the supplier’s cashflow needs
Answer not provided
N/A
90 days
No further comment provided
The data we have provided includes many invoices that have only been paid late due to us receiving the invoices late from our suppliers and in addition to this also includes invoices in dispute. As a business we will always try and pay to our agreed supplier payment terms, but unfortunately we only do a payment run once a week, which invariably will result in most of our payments to appear late, even if only by one or two days
Individuals approving invoices will notify both our accounts department and the supplier themselves if an invoice is in dispute. Depending on the nature of the dispute will determine the timescale and next steps for each individual queried invoice
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