EUROPEAN POLICY EXCHANGE LIMITED
Company number: 04905152
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
9 July 2019
Approved by:
Sebastian Siebert
Payment statistics
Average time taken to pay invoices: 10 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
Answer not provided
Standard payment terms
Payment upon receival of invoice and after checking if it is correct. Recurring payments by direct debit or standing order.
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
30 days
No further comment provided
Any other information about payment terms
The majority of our contracts is related to financial services, the remainder is regarding mainly rent and office supply and in total not exceeding 100.000 GBP annually. This is why payment terms do not really play an important role for us at all.
Dispute resolution process
Disputes are resolved by the director checking the invoice in question, typically by phone or email to the supplier.
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.
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