ENCORE TICKETS LIMITED

Company number: 04002600

Reporting period:
1 January 2019 to 30 June 2019

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This report was filed on 18 July 2019

and approved by Richard West

Payment statistics

Average time taken to pay invoices: 26 days

Invoices paid:

• within 30 days: 72%
• in 31 to 60 days: 22%
• in 61 days or more: 6%

Invoices due but not paid within agreed terms: 98%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

30 days

Standard payment terms

Encore operates a range of standard payment terms dependent on the category of supply.

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

N/A

Dispute resolution process

Encore is commited to resolving payment issues in a prompt and professional maner. Encore would normally advise a supplier if there was an issue and request a credit note. Queries from the Company's suppliers are initially managed by the Accounts Payable team. Any ongoing queries would be escalated up to the Financial Controller by the Accounts Payable Supervisor.

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