CLARKSON EVANS LIMITED

Company number: 03843351

Reporting period:
1 October 2018 to 31 March 2019

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This report was filed on 30 April 2019

and approved by Paula Bradshaw

Payment statistics

Average time taken to pay invoices: 35 days

Invoices paid:

• within 30 days: 38%
• in 31 to 60 days: 60%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 24%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

Our standard payment terms for suppliers are 30 days or 30 days nett monthly (30 days from the end of the month of the invoice date). When agreed with a supplier, e.g. quarterly rental payment or supply of subcontractors, we pay to alternative terms.

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

Queries and disputes are generally resolved by the purchase ledger team. In the rare event this is not the case, they would be escalated in the first instance to the Financial Controller and then the Chief Financial Officer 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