ALLIED PUBLICITY SERVICES (MANCHESTER) LIMITED
Company number: 00681528
Reporting period:
1 August 2018 to 31 January 2019
Report filed on:
1 March 2019
Approved by:
Jon Hardy
Payment statistics
Average time taken to pay invoices: 60 days
Invoices paid:
- within 30 days: 27%
- in 31 to 60 days: 23%
- in 61 days or more: 50%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 30%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Standard contractual terms for goods and services is 60 days. For Government contracts standard contractual terms are 30 days. The maximum contractual period is 60 days.
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
When an invoice is disputed for price or quantity the supplier will receive an email indicating the invoice number and reason for rejection. To resolve a dispute, the supplier is required to liaise with the buyer to resolve. APS follow a strict No PO No Pay policy. The PO number is communicated by the buyer at the time of placing the order. Incorrect or incomplete information provided by the supplier on their invoices may lead to invoices not being paid agreed terms.
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.
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