CARLUCCIO'S LIMITED
Company number: 02001576
Reporting period:
25 September 2017 to
24 March 2018
This report was filed on 9 May 2018
and approved by Andrew Campbell
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 46%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 97%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
45 days
Standard payment terms
Most frequently used payment terms are 30 days from date of invoice, making up 85% of the payments made in the reporting period. The remainder of payments are mostly on 14 days from date of invoice payment terms (11%), which is mainly due to our contract with one of our largest food suppliers being on 14 day terms.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
45 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Initial communications with suppliers regarding disputes will take place between purchase ledger team and the supplier over phone/email. If dispute continues, then we will gather back-up documents and approvals, and send these to the supplier, and the supplier will send any back-up documents to us, and our purchase ledger manager will be involved. This will generally result in a resolution, however under some circumstances the relationship holder with the supplier may be involved to escalate the matter.
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, 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.
Yes
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