ALAN BARTLETT & SONS (CHATTERIS) LIMITED
Company number: 06891002
Reporting period:
1 December 2018 to 31 May 2019
Report filed on:
17 July 2019
Approved by:
MR TOBY BARTLETT
Payment statistics
Average time taken to pay invoices: 65 days
Invoices paid:
- within 30 days: 16%
- in 31 to 60 days: 50%
- in 61 days or more: 34%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 84%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Our most frequently used payment terms for qualifying contracts is 60 days.
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
No further comment provided
Any other information about payment terms
Due to the seasonal variations inherent within our business sector and its effects on cash flow, payment of invoices outstanding have taken longer than anticipated at certain times of the year. In addition, the company has also experienced difficult trading conditions over recent years and as a result has fallen behind with creditor repayments. We are endeavouring to improve our current position with regard to payment of invoices, and bring our balances outstanding back in line with expectations. Results for the current 6 monthly report have shown improvement and this trend is expected improve further in the next 6 months.
Dispute resolution process
Any disputes regarding invoices or payments can be directed towards our accounts department. Normally any disputes are resolved within a few working days.
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