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FOCUSED CONSULTING LIMITED

Company number: 05261541

Reporting period:
1 October 2018 to 31 March 2019

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This information is as reported by the business, and responses are in their own words.

This report was filed on 26 April 2019

and approved by PAUL MALLEY

Payment statistics

Average time taken to pay invoices: 12 days

Invoices paid:

• within 30 days: 95%
• in 31 to 60 days: 5%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 5 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

30 days

Standard payment terms

The business honours the payment terms provided by suppliers wherever possible. If payment terms are not specified by the supplier then the following standard payment terms will apply. Small and medium size businesses 14 days from date of invoice, large businesses 30 days from date of invoice.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

The first point of contact regarding disputes is the Finance Team based at PayStream Head Office in Altrincham. If the query can not be easily resolved it is referred on to the relevant Customer Relationship Manager with the Sales Director also duly notified. There is an expectation that queries will be resolved within 14 days.

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

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