Company number: 05840121
and approved by B R Taberner
Average time taken to pay invoices: 43 days
Invoices paid:
Invoices due but not paid within agreed terms: 35%
7 days
60 days
Supplier accounts are linked to payment profiles which determine when invoices become eligible for payment. Approximately 25% of the group’s wider supplier accounts are payable at the end of the month following the invoice date (maximum), approximately 40% are payable 28 days after the invoice date, approximately 35% are payable 14 days after the invoice date, and <1% are payable 7 days after invoice date (shortest). Standard payment terms therefore generally range from 7 to 60 days from the date of a relevant invoice, depending upon the supplier account and the way that payment run dates fall.
Answer not provided
N/A
60 days
N/A
N/A
Query/dispute resolution is carried out by either the individual who initiated and placed the purchase order, or a member of the central accounts payable team. This can be escalated if required.
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