GOV.UK
TURNERS (SOHAM) LIMITED
Company number: 00439684
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 2 July 2019
and approved by P E DAY
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 58%
- in 61 days or more: 22%
Invoices due but not paid within agreed terms: 6 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
73 days
Standard payment terms
No more than 45 days after the end of the month in which an invoice is dated.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
73 days
Suppliers on these terms are also customers. Our payment terms match their payment terms
Any other information about payment terms
Suppliers are usually paid sooner - on the first or second Friday of the second month after the month in which the invoice is dated.
Dispute resolution process
The finance department informs the supplier that an invoice is disputed and who to contact to resolve the dispute. Payment will be made no later than 10 days after resolution of the dispute.
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