BETA This is a new service – your feedback will help us to improve it.

COMEX 2000 (UK) LIMITED

Company number: 03725452

Reporting period:
1 October 2018 to 31 March 2019

---

This information is as reported by the business, and responses are in their own words.

This report was filed on 20 June 2019

and approved by Mark Philby

Payment statistics

Average time taken to pay invoices: 32 days

Invoices paid:

• within 30 days: 43%
• in 31 to 60 days: 53%
• in 61 days or more: 4%

Invoices due but not paid within agreed terms: 57 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

30 days

Standard payment terms

Weekly Comex2000 make subcontractor payments, these suppliers are on payment terms of 30 days. Comex2000 has the flexibility to reduce payment terms to support both businesses.

Goods not for resale are paid as per the suppliers payment terms. The payment routine is carried out 3 times a month and based upon invoice approval.

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

N/A

Dispute resolution process

Comex2000 informs the supplier as soon as possible if there is a disputed invoice. The business works with the supplier openly to resolve all queries and feedback is given accordingly.

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