PZ CUSSONS BEAUTY LLP
Company number: OC364213
Reporting period:
1 December 2018 to 31 May 2019
Report filed on:
21 June 2019
Approved by:
Andrew Bowie
Payment statistics
Average time taken to pay invoices: 66 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 34%
- in 61 days or more: 47%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 30%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Standard Payment Terms are 60 days end of month.
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
60 days
Standard contractual payment terms are 60 days end of month.
Any other information about payment terms
No further comment provided
Dispute resolution process
The point of contact for disputes is the PZ Cussons Accounts Payable Department, within the Shared Services Centre in Manchester, UK. When an invoice is disputed, the supplier will receive an email indicating the invoice number and reason for rejection. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. PZ Cussons Beauty LLP adopt a no PO no Pay policy.
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