TRESCAL LIMITED
Company number: 06614164
Reporting period:
1 January 2017 to 31 December 2017
Report filed on:
15 May 2018
Approved by:
Robin Hastie
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 97%
- in 31 to 60 days: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 3%
Payment terms
Shortest standard payment periods
15 days
Longest standard payment period
60 days
Standard payment terms
30 Days from date of Invoice Date
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
This would be based on the corresponding contract with our customer - so if the customer has more than 30 days terms and the purchase relating to the sale is material, we would attempt to align supplier terms to that of the customer.
Any other information about payment terms
No further comment provided
Dispute resolution process
Query is raised with supplier and a solution will be found either through credit note or resolution of query.
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