POWER LEISURE BOOKMAKERS LIMITED
Company number: 03822566
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
8 February 2019
Approved by:
Mark Irwin
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 94%
- in 31 to 60 days: 5%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 16%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Power Leisure Bookmakers Ltd standard payment terms are 30 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
Power Leisure Bookmakers Ltd is making its payment run based on two payment runs per month. This could impact the on-time payment % depending on when the invoice is received in the month from the supplier.
Any other information about payment terms
Please disregard the report published earlier this morning. The earlier report is incorrect and this is the report which should be published.
Dispute resolution process
Supplier payment issues that arise in the first instance are addressed by a dedicated Accounts Payable queries team accounts_payable@paddypowerbetfair.com. Depending on the issue, the Procurement team may be involved to resolve any disputes or issues. Upon resolution payment or credit note is processed. Should you have a query regarding the expected payment date of an invoice, you can contact our Accounts Payable team who will be able to advise further at accounts_payable@paddypowerbetfair.com.
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 Fair 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.
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No