Company number: 02275441
and approved by John Story
Average time taken to pay invoices: 47 days
Invoices paid:
Invoices due but not paid within agreed terms: 19%
1 days
61 days
Materials and overheads: Standard payment terms are 30 days following the month that a VAT invoice is received and approved. Subcontractors: Subcontractors are required to make applications for payment on a monthly basis. Provided the application for payment is received ahead of the deadline, payment will be made 30 days, 45 days or 60 days from the end of the month that the application is received and approved.
Answer not provided
N/A
61 days
No further comment provided
Invoices falling due between payment dates will, by definition, be overdue when paid. Suppliers are aware of this practice although it is not written into formal agreements. In total, 92% of payments were made within 75 days of receipt of invoice or application.
Disputes are dealt with by the regional and/or group finance team(s).
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.
Yes
No
No