TUSKERDIRECT LIMITED
Company number: 03864648
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 24 May 2019
and approved by Paul Gilshan
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 88%
- in 31 to 60 days: 11%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 18 %
Payment terms
Shortest standard payment period
15 days
Longest standard payment period
30 days
Standard payment terms
We have standard terms of 30 days for general suppliers, however this is shorter for the supply of vehicles where we have 15 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
No changes to the standard contractual payment terms, maximum period is 30 days
Dispute resolution process
We have an accounts payable function who work with suppliers to reconcile statements and deal with queries
quickly and efficiently to resolve queries and ultimately pay suppliers to the agreed terms
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
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