.BIG YELLOW SELF STORAGE COMPANY LIMITED
Company number: 05166173
1 October 2018
to 31 March 2019
This report was filed on 29 April 2019
and approved by John Trotman
Average time taken to pay invoices: 29 days
- within 30 days: 73%
- in 31 to 60 days: 25%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 31 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
.Big Yellow Self Storage Company Limited's standard payment terms are 30 days from invoice date.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
In the event of a dispute, suppliers contact the accounts payable team outlining the issue. The relevant member of the team will then investigate, and seek a resolution within 7 working days of being informed of the dispute. If the accounts payable team are unable to resolve the dispute, it will be passed on to the Finance Manager. Once a resolution is reached, the invoice will be processed for payment on the next weekly payment run.
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 – 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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?