ALEXANDER DENNIS LIMITED
Company number: SC268016
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
21 February 2019
Approved by:
Michael Stewart
Payment statistics
Average time taken to pay invoices: 63 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 30%
- in 61 days or more: 51%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 61%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
90 days
Standard payment terms
90 days from the end of the month in which goods were delivered in the UK or directly to a build site outwith the UK or 90 days from the end of the month in which the performance of services was completed.
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
90 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
Alexander Dennis currently utilises an internal payment dispute process. Any concerns over non-payment of invoices should be directed to the FSSC contact in the first instance. The matter will be reviewed by the business area responsible for the purchase order, and if unresolved after 7 days may then be escalated to a site director. If the matter remains unresolved after 10 days, we may finally escalate this to our Group Operations Director where appropriate. In the event that we are unable to resolve a dispute internally, our standard terms are governed by Scots Law and give exclusive jurisdiction to Scottish courts to resolve disputes which cannot be amicably settled.
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.
No
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.
Yes
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