Company number: 00040754
and approved by Steve Weigh
Average time taken to pay invoices: 45 days
Invoices paid:
Invoices due but not paid within agreed terms: 59%
0 days
90 days
Most frequent term is 30 days.
To manage outflows at calendar month ends, some suppliers were paid in the following days afterwards. Of the late payments in the period, 52.6% were paid within 7 x days & 15.4% within 14 days.
Suppliers were kept informed via e-mail/telephone of when their payment would be made.
90 days
Payments for non-stock goods/GNFR tends to be within the 30 days. Physical stock is on longer terms.
N/A
Liaison with supplier in first instance to see if there is an error/issue. If un-resolvable between Accounts Payable Department and Supplier the dispute is escalated to the contact who manages the relationship with the supplier in order to resolve.
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