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DONVAND LIMITED

Company number: 01213718

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 Simon Nicholson

Payment statistics

Average time taken to pay invoices: 37 days

Invoices paid:

• within 30 days: 64%
• in 31 to 60 days: 26%
• in 61 days or more: 10%

Invoices due but not paid within agreed terms: 77 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Standard payment terms are 30 days

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

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

We have dedicated Accounts Payable Department to resolve Supplier Disputes / Complaints, Email Address is communicated to Suppliers and all Invoices, payments and Dispute dealt by Individual Department, On receipt of Complaint, we acknowledge Supplier within 48 hours that Complaint is logged and Team is working to resolve this matter. Dispute passed to Internal respective Budget Holder and on resolution of dispute, information passed to Supplier.

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