GOV.UK
FALCON TOWER CRANE SERVICES LTD
Company number: 06475031
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 23 July 2019
and approved by Andy Brown
Payment statistics
Average time taken to pay invoices: 60 days
Invoices paid:
- within 30 days: 17%
- in 31 to 60 days: 72%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 30 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
90 days
Standard payment terms
Falcon Tower Crane Services standard payment period is 60 days from end of month for most suppliers and 30 days from end of month for smaller suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
All small to medium enterprises will be paid within 30 days
Any other information about payment terms
N/A
Dispute resolution process
Our suppliers have the email and telephone number of the Finance manager who will take any call from any supplier regarding a complaint. In regards to pay queries, if the invoice has been passed for payment but not paid it is usually due to the supplier not sending a statement and therefore, the Finance manager requests a statement and then raises payment for the invoice as soon as this has been recieved. if the invoice is in dispute then the purchase ledger clerk raises the dispute as soon as possible with the supplier and then awaits the response. Once the response is recieved she send this for approval to the relevant department head who either queries the invoice further with the supplier or authorises the invoice for payment.
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