REMPLOY LIMITED
Company number: 09457025
Reporting period:
1 October 2017 to
31 March 2018
This report was filed on 30 April 2018
and approved by Mr Gareth Parry
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 14%
- in 61 days or more: 14%
Invoices due but not paid within agreed terms: 37%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
The Company does not formally impose its own standard terms on its suppliers, although it aims to achieve a minimum terms of 30 days. Different terms are sometimes agreed as part of contract negotiations, or where suppliers are local or small businesses and where approval is given by Company Management
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
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Disputes would initially be referred to the internal budget holder for resolution with the Supplier. If this did not rectify the position or for disputes of a contractual nature, matters would be escalated to the procurement or finance teams for resolution.
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