Company number: 01511931
and approved by Richard Hinds
Average time taken to pay invoices: 33 days
Invoices paid:
Invoices due but not paid within agreed terms: 54%
0 days
90 days
Our standard payment terms are 30 days end of month following
Answer not provided
N/A
90 days
No further comment provided
Payment statistics disclosed in this report can be affected by a number of different factors. Invoices are often reported as due but not paid within agreed terms because BACS transfers to suppliers arrive in the supplier’s bank account two business days after leaving the company’s bank account, contract payments due on weekends or bank holidays are typically paid on the following business day and the company typically initiates payments in batches, on a weekly basis; where this is the case payments will normally be received by the supplier within a few days of the due date. Additionally, the nature of our supplier relationships means that there are regularly offsetting debit and credit positions which we look to resolve prior to actioning net payments as agreed and appropriate.
Exertis accounts payable teams work directly with suppliers to resolve any issues, these can include agreeing credit notes, stock returns or other relevant deductions. Once resolved, payment is made in accordance with agreed terms.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No