ESHER MAIL ORDER LIMITED
Company number: 00981703
Reporting period:
1 March 2018 to 31 August 2018
Report filed on:
2 April 2019
Approved by:
Iain Burgess
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 64%
- in 31 to 60 days: 32%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 51%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
The company’s standard supplier contract is based on settlement within 60 days from the date of invoice, and this payment term has not been varied during the period covered by this report. However, in most instances payment terms are agreed on a case by case basis with suppliers. Where the company seeks to alter its contractual payment terms, this will not be implemented unilaterally but will always be done in consultation with suppliers as part of a general review of commercial terms.
Different payment terms will apply depending on the nature of the product/service received, as well as the country from which the goods are supplied. For example, products supplied from overseas will be settled either at the point of shipping, or at between 30 and 90 days from shipping. Products supplied from the UK will generally be settled on terms ranging from immediate payment to 60 days payment, and are influenced by early payment discounts.
The maximum contractual payment period that is offered by suppliers is 90 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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Where a contractual dispute arises with a supplier, the company will deal with the matter in a prompt and professional manner. Such disputes should initially be raised with the normal commercial contact at the company and should further escalation be required this should be addressed to the Managing Director, BVG Group Limited, Unit 1B Brecon Enterprise Park, Brecon, Powys LD3 8BT.
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