VAN ELLE LIMITED
Company number: 02590521
1 May 2018
to 31 October 2018
This report was filed on 1 February 2019
and approved by Paul Pearson
Average time taken to pay invoices: 65 days
- within 30 days: 0%
- in 31 to 60 days: 65%
- in 61 days or more: 35%
Invoices due but not paid within agreed terms: 25 %
Standard payment period for qualifying contracts
Standard payment terms
14 days from invoice date
30 days from invoice date
60 days from invoice date
30 days end of month of invoice
60 days end of month of invoice
70 days end of month of invoice
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Where an invoice is received and there is no proof of delivery the site teams are contacted by the finance team to provide the proof of delivery.
Where no proof of delivery is available internally, the vendor is contacted by the finance team for a copy of the proof of delivery. Invoices are not paid without a proof of delivery.
Where there is a variance to the purchase order, the purchase order creator is contacted by the finance team to review and approve the invoice variance.
disputes relating to payment terms are dealt with by the purchasing department.
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?