REMPLOY LIMITED

Company number: 09457025

Reporting period:
1 October 2018 to 31 March 2019

---

This report was filed on 23 April 2019

and approved by Gareth Parry

Payment statistics

Average time taken to pay invoices: 39 days

Invoices paid:

• within 30 days: 73%
• in 31 to 60 days: 14%
• in 61 days or more: 13%

Invoices due but not paid within agreed terms: 34%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

The Company does not formally impose its own terms on suppliers, although it aims to achieve minimum terms of 30 days. Different terms are sometimes agreed as part of a contract negotiations, or where suppliers are local or small business and where approval is given by Company Management.

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

N/A

Any other information about payment terms

N/A

Dispute resolution process

Disputes would initially be referred to the internal budget holder for resolution with the supplier. If this did not rectify the position or for disputes of a contractual nature, matter to the finance team and senior management for resolution or follow the dispute resolution process defined in the contract.

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