AXPO UK LIMITED
Company number: 06600942
Reporting period:
1 October 2017 to 31 March 2018
Report filed on:
30 April 2018
Approved by:
Kamal Khoury
Payment statistics
Average time taken to pay invoices: 8 days
Invoices paid:
- within 30 days: 97%
- in 31 to 60 days: 3%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 16%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
30 days
Standard payment terms
Our payment terms range from 7 days to 30 days net. Overdue amount shall bear interest equal to 3% above the base rate. Unless there are valid reasons why the payment was delayed.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The first stage of resolution:
The Parties will use all their Reasonable Endeavours to resolve any Dispute.
Escalation to Dispute Officers
If the Parties fail to resolve a Dispute within 15 Banking Days of one Party giving notice to the other of the Dispute, either Party, by giving notice to the other, may refer the Dispute to the Parties’ Dispute Officers who will co-ordinate in good faith to resolve the Dispute as amicably as possible within 10 Banking Days of the Dispute being referred to them.
Escalation to Senior Officers
If the Dispute Officers fail to resolve the Dispute within 10 Banking Days of the Dispute being referred to them, either Party, by giving notice to the other, may refer the Dispute to the Senior Officers who will co-ordinate in good faith to resolve the Dispute as amicably as possible within 10 Banking Days of the Dispute being referred to them.
Referral to Court
Nothing in this clause shall prevent the Parties commencing or continuing court proceedings in relation to the Dispute under clause 13.18 (Law and Jurisdiction), which clause shall apply at all times.
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 Fair 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