BATHSTORE.COM LIMITED
Company number: 02240475
Reporting period:
1 August 2018 to 31 January 2019
Report filed on:
1 March 2019
Approved by:
Ian Herrett
Payment statistics
Average time taken to pay invoices: 68 days
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 7%
- in 61 days or more: 56%
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: 19%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
120 days
Standard payment terms
One high volume supplier with terms of 120 days. 26 suppliers with terms of 60 days. Rest of the suppliers have terms of between 1 and 45 days. For Far East suppliers, the terms vary depending on the invoice due date being from the time the goods have landed or the date they are loaded onto a vessel for shipment to the UK.
Were there any changes to the standard payment terms in the reporting period?
Some suppliers are being paid prior to the dispatch of goods to us.
Were suppliers notified or consulted about these changes before they were made?
Via email and verbal communication
Maximum contractual payment period agreed
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes if any are resolved in accordance with the terms of the agreement between the buyers. If a common ground is not agreed, the resolution moves to the CEO level. In the current reporting period, we have no disputes with our suppliers.
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