THOMPSON AND CAPPER LIMITED
Company number: 00235815
Reporting period:
1 October 2018 to
31 March 2019
This report was filed on 26 April 2019
and approved by Karen Leay
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 10%
- in 31 to 60 days: 81%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 97%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
106 days
Standard payment terms
No standard payment terms. Negotiated on a supplier by supplier basis although 80% of our suppliers are on either net 30 days or 30th of month following invoice.
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
106 days
No further comment provided
Any other information about payment terms
Generally, invoices are paid in the first payment run following the due date. Typically, payment runs are made weekly. Consequently, invoices will normally be overdue but only for a short period of time.
Dispute resolution process
The accounts payable team works closely with the procurement team and the supplier to resolve queries in a timely manner. The accounts payable team are available by email or phone.
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