LOOMIS UK LIMITED
Company number: 03200432
Reporting period:
1 January 2019 to
30 June 2019
This report was filed on 1 July 2019
and approved by Timothy Gibbs
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 89%
- in 31 to 60 days: 8%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 32%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Loomis UK Limited's standard payment terms are 30 days for qualifying contracts. There are however a few exceptions to this rule, ranging from immediate payment for utilities, to 60 day terms for a few contracts.
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
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
In the first instance any disputes are raised with the Accounts Payable Manager. Disputes or queries are then raised with the relevant Business Manager. A response or resolution is then provided to the supplier as soon as the dispute/query has been investigated.
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