Company number: 02358344
and approved by Paul Sweeney
Average time taken to pay invoices: 38 days
Invoices paid:
Invoices due but not paid within agreed terms: 55%
0 days
60 days
Our standard payment terms are 30 days, but we have some dealers and small business that we pay immediate terms, but we have to allow a 2-5 days to allow to enter and process the payment. We do daily payment runs to avoid delay, but some vendors are late submitting invoices.
Answer not provided
N/A
60 days
our maximum payment term is 60 days this is for goods shipped but we do not pay until goods are received due to risk of non receipt, if a shipment is delayed the payment may be delayed.
N/A
We respond and resolve a payment query within 3 days, normally same day. The issue normally is non receipt of invoice or they have invoiced different to the Purchase order that may cause a slight delay but only a few days
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No