INTEGRATED CLEANING MANAGEMENT LIMITED
Company number: 03193989
Reporting period:
1 October 2017 to
31 March 2018
!
This information is as reported by the business, and responses are in their own words.
This report was filed on 30 April 2018
and approved by Alison Henriksen
Payment statistics
Average time taken to pay invoices:
24 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 24%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms:
14%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
90 days
Standard payment terms
The standard payment terms are payment of invoices on the 28th of the month following invoice processing date (subject to pre-determined cut-off dates – normally 2 weeks prior to the period end).
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
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
In the first instance, suppliers who have a query regarding an invoice should speak with their Compass contact who can liaise with the Accounts Payable team. Alternatively, suppliers can contact the Accounts Payable team directly.
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.
Yes, this business has signed up to:
Prompt Payment Code
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.
Yes
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