GOV.UK
DECORA BLIND SYSTEMS LIMITED
Company number: NI014427
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 25 July 2019
and approved by Jonathan McCluggage
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 44%
- in 31 to 60 days: 46%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 39 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
90 days
Standard payment terms
We have different contracted payment terms with all suppliers. The most popular is "due 30 Days after invoice date". Almost 50% of contracts are in that range.
A full list of payment terms used is below.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
This is the range of payment terms in the reporting period.
payment term description
0 Due Immediately
100 100% before shipping
14 DAYS Due 14 Days after invoice date
20 20 days after shipping
21 21 days after BL Date
30 Due 30 Days after invoice date
30 BL Due 30 Days after BL
45 45 days after shipping date
50 50% with shipping docs 50% 50 days after boarding
60 Due 60 Days after invoice date
60 BL Due 60 Days after BL
7 Due at end of following week
7 DAYS 7 days after ETA
90 Due 90 Days after invoice date
BEFORE ETA 100% Before ETA
CM Due at End of Month
CM+21 Due end of Current Month + 21 Days
DEPOSIT 3 30% deposit, 70% Before shipping
DEPOSIT 4 20% Deposit, 80% Upon Shipping
DEPOSIT 5 30% deposit, 70% on BL
SHIPPING 100% on shipping
5 Due 5 working days
Dispute resolution process
Disputes will be dealt with immediately they are received or come to light,
Disputes are commonly resolved by direct communication between the Supplier, the Purchasing Department and the Accounts Payable department.
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