Company number: 00024542
and approved by Gregory McMahon
Average time taken to pay invoices: 13 days
Invoices paid:
Invoices due but not paid within agreed terms: 10%
60 days
Answer not provided
The Company aims to contract individually with each of its suppliers agreeing specific payments terms for each contract. We then work proactively with our suppliers to ensure that we receive timely submission of invoices with relevant purchase order information to allow straight through processing and settlement within the agreed term. Where no agreement exists the Company makes payments on 60 day terms. As indicated above, a small proportion of invoices due are not paid within agreed terms. This is due to: • invoices being received from suppliers late; • time taken to validate that the goods or services concerned have been received or supplied; or • resolution of disputes over the quality or quantity of goods or services supplied.
Answer not provided
N/A
60 days
No further comment provided
N/A
We are committed to treating all of our suppliers in a fair and reasonable manner. Where any queries or disputes arise, these are initially dealt with by a dedicated member of the accounts payable team. An escalation route is then available through the relevant Procurement Manger with onward escalation ultimately to the Group Commercial and Marketing Director and Group 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.
Yes
No
No