Company number: 00967953
and approved by Philip Larmouth
Average time taken to pay invoices: 37 days
Invoices paid:
Invoices due but not paid within agreed terms: 71%
1 days
60 days
Our standard payment terms are 42 days unless suppliers payment terms are applied, which can be longer or shorter than our standard
Answer not provided
N/A
60 days
No further comment provided
Invoices due but not paid within agreed terms may be because of: -Supplier invoices being received late -The time taken to resolve disputes concerning the quality, quantity or price of the goods or services supplied
Invoices are matched to Goods Receipt PO's on receipt by the Accounts Payable team. Any invoice variances are sent to either the purchasing department or goods in department for approval. If the invoice is disputed by either department the Accounts Payable team email the supplier with a credit request / proof of delivery typically within 48 hours.Once a full credit or proof of delivery has been received the invoice and credit where applicable are reconciled ready for payment. If in the meantime the invoice has become due for payment, the invoice is added to the next available BACs run (Weekly). If Accounts Payable are unable to resolve the dispute it is escalated to the Group Financial Controller for resolution
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