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ALLIED PUBLICITY SERVICES (MANCHESTER) LIMITED

Company number: 00681528

Reporting period:
1 August 2018 to 31 January 2019

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This information is as reported by the business, and responses are in their own words.

This report was filed on 1 March 2019

and 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%

Invoices due but not paid within agreed terms: 30 %

Payment terms

Shortest standard payment period

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

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No

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