LIQUID TELECOMMUNICATIONS LIMITED
Company number: 04946019
Reporting period:
1 September 2018 to
28 February 2019
This report was filed on 29 March 2019
and approved by Philip Moses
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 69%
- in 31 to 60 days: 23%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 31%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard terms are 30 day but a few contracts have other terms
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
1 customer at 40 days, 1 customer at 45 and 1 customer at 60 days
Any other information about payment terms
N/A
Dispute resolution process
In writing by email. The value of the dispute is checked by finance and if >2% of the total value it is forwarded to operations for further investigation. They deal with disputes by checking Call Detail Records (CDR) rates and police reports. Timescale may be 1 week to months depending on the complexity of the dispute and responses received.
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, 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